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No need to panic in the market

Fears about systemic risk are groundless 

January 30, 2023 / 10:53 AM IST
No need to panic in the market

The India Vix, a measure of market volatility aka the ‘fear gauge’, has jumped up in the last few days

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The allegations of short-seller Hindenburg Research on the eve of the follow-on public offer of Adani Enterprises have triggered a meltdown in the share prices of the Adani group companies. That, in turn, has led to a bloodbath in the stocks of banks that have exposure to the group. The LIC stock has nose-dived. Foreign portfolio investors have voted with their feet. Also Read: Adani says Hindenburg’s conduct 'calculated securities fraud' under applicable laws The India Vix, a measure of market volatility...

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