Markets traded on a subdued note on Wednesday and ended almost unchanged amid mixed cues. Interestingly, the India VIX — a key indicator of market fear that generally moves inversely to the broader market trend — has corrected nearly 15% so far this week and is currently hovering around the 15 mark. However, the improved comfort level is yet to reflect meaningfully in benchmark index movement. Analysts say while the consolidation phase in the index may continue, we reiterate maintaining a stock-specific approach based on prevailing sectoral trends, while keeping a close check on overnight risk exposure.
In today's trade, shares of RIL, Coal India, IDFC First Bank, Zydus Life, ONGC among others will be in focus due to various news developments.
