Indian market is likely to consolidate on Thursday tracking muted global cues.The Nifty50 witnessed a breakdown on Wednesday from the important support level placed at 22050 zone after consolidating for 2 sessions. The selling was broad-based with midcap and smallcap indices losing nearly 2% each.India VIX achieved a fresh swing high as it ended the day up 3.83% at 16.30 levels after marking a high of 16.74 levels intraday.“In the past 2-3 weeks, India VIX is trading in the range between…
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