India VIX surged 91% in May 2024 amid anticipation of election results. Understanding its value at 24, it implies a Nifty 50 fluctuation range of 6.93% monthly.
On Thursday, 1190 stocks advanced, 2622 declined and 105 remained unchanged, with an advance decline ratio 0.45 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets.
On Wednesday, stocks 1680 advanced, 2136 declined and 113 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.78, indicating negative closing of stocks in broader markets.
Nifty prediction for May 30, 2024: Nifty 50 opens lower, hovers around 22,585, with bearish trend; caution advised due to higher volatility on monthly expiry day.