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Option sellers baking in 8% swing in Nifty on election D-Day

During such events traders anticipation of wild swings raises prices of both call and put options. This, in turn, results in a spike in fear gauge India VIX, which has rallied 88% this month to 24.18 as of Thursday.

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Stocks wilt as Street vigil on polls raises fear factor

Stocks wilt as Street vigil on polls raises fear factor
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April was calm for markets, but don't let that fool you

While the market has priced in a victory for the incumbent NDA, the focus will shift to the margin of victory as various phases of the elections conclude during the month

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Futures

Panic-struck FPIs ramp up bearish futures bets overnight

FPIs were net short by 36,391 contracts on Tuesday, and stock markets were shut on Wednesday for a public holiday

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