Half of the Nifty 500 stocks are presently trading over their 200-day moving average (DMA), reflecting a move to regain the lost ground. Over the last couple of months, especially since mid-January this year, the broader market has been through choppy trades.
Since mid-January, the BSE Sensex and Nifty 50 trades have fallen over 3 per cent, with every reversal experiencing added sell-off.
The volatility has drastically increased, with majority of stocks pointing at non-directional trend. In recent times, India VIX has traded on extreme ends with no indication of settling down in coming sessions.