- Wealth PMS
The Nifty lost big-time in the last two days. The Justice Hedge report in Karnataka took Adani group stocks down as much as 20%, with even the distant Mundra port stock hurting 10%. Volumes were large for a Friday after expiry, at 12,000+ crores. While FIIs sold 400 cr. worth stock, DIIs bought; the VIX went up and took option prices up in anticipation of a move with the US debt ceiling decision this weekend.
(Thanks to dshort.com for the idea)