The Nifty and the Sensex slump on geopolitical tensions and profit booking. Stay cautious

Geopolitical tension between the US and North Korea that spooked global markets, dragged domestic indices too. The CBOE VIX, the US market’s fear gauge, has reversed sharply higher, gaining 34 per cent in the previous week, indicating that investors are turning cautious amidst volatility in the markets. Reflecting this, the India VIX too advanced 33 per cent last week to 15.2 levels, as the Nifty ...