Street Signs: The VIX vaporub for mkts, Budget let-down for Midhani & more

A lower allocation to Indian Space Research Organisation (Isro) could lead to a derating in the stock of the superalloys manufacturer, says an analyst

The VIX vaporub for markets

The India Volatility Index (VIX), a ‘fear gauge’ measuring market risk and investor sentiment, fell close to 9 per cent on Friday to end at 14.4. The benign reading on the index gave analysts hope that the market may stabilise at around the current levels after a tumultuous week, particularly for Adani Group and the banking pack. “From a volatility perspective, the post-Budget Indian VIX has declined considerably below 15, notwithstanding large index moves. We believe the Nifty is trying to form some base near 17,500 levels. Since most results from index heavyweights are out,