India VIX surged 17%, prompting trading strategies for Maruti, RIL, Tata Consumer Products, Axis Bank, Bajaj Finance, and HUL. Technical analysis indicated positive market movements with RSI and stochastic indicators. Watch for Iran-Israel developments and India VIX levels at 15.
​Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) is expected to report healthy numbers for the quarter ended March 2024, driven by robust O2C business and healthy growth in the consumer-facing businesses of Jio and retail.
D-Street analysts expect 2024 to be an eventful year for Reliance Industries as the past two years of investments move into the monetization phase. "We think investment cycles will be shorter than in the past 2 decades, with limited impact on balance sheet leverage," global brokerage Morgan Stanley said.