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It's been an unnerving time for investors with the market swinging wildly both ways in the past few days. This month the benchmark Sensex has gained or lost more than 300 points on six of the 13 trading days. Friday was particularly volatile with the Sensex seeing a 1,500-point swing, amid sharp correction in financial stocks, before closing 280 points lower. The immediate trigger was the uncertainty surrounding the future of IL&FS and tighter liquidity conditions. The India VIX, a measure of investors' perception about the risk of sharp swings based on options prices, rose about 10 per cent to 15.4. "For VIX, 16-17 is the level to watch out for and any up move beyond this level will be a sign of caution," said Sneha Seth, derivatives research analyst, Angel Broking. "For Nifty, there is a likelihood of a steep correction to 10,850 levels if the market does not go past 11,350 in the next few sessions." Bank stocks in particular may be in for a rough ride, says Seth, considering ...

from Markets https://www.business-standard.com/article/markets/market-in-for-a-bumpy-ride-as-experts-see-volatility-in-equities-ahead-118092100762_1.html