The CBOE Volatility Index, which measures the market expectations of near-term volatility conveyed by the S&P 500 stock index option prices, fell to a decade low. It hit a low of 9.9 in intraday trading on Monday according to CNBC, and is at the lowest level since February 2007. Commercial vehicle sales hit by new BS-IV normsThe Supreme Court’s order banning sale of BS-III (emission norms) compliant vehicles from 1 April has hit commercial vehicle (CV) makers hard. Tata Motors Ltd’s April sales fell by 21% year-on-year with CVs dragging down numbers, although passenger vehicles grew by 23%. Ashok Leyland Ltd’s sales fell by 30%, while Eicher Motors Ltd reported a 42% decline in sales.

Source: Mint May 02, 2017 21:00 UTC