Fear is back on Dalal Street… Is it time to buy?

According to analysts, the market is under pressure due to uncertainty over the election outcome and selloff by foreign investors. The India VIX (volatility index) closed higher for the 11th consecutive session on Thursday. The so-called fear gauge has jumped nearly 80% from a low in April. This period of heightened volatility – marked by ups and downs in share prices – presents buying opportunities for long-term investors, market players said.