The Indian stock market may consolidate due to muted global cues, with the S&P BSE Sensex dipping nearly 300 points on Thursday putting the Nifty50 below 18,800. The India VIX had an increase of 2.28% from 11.29 to 11.54 on Thursday, with volatility climbing out of its range on the daily frame. Recommendations from various experts included selling United Spirits and Gujarat Gas, or buying Balrampur Chini Mills and L&T, with an immediate trading range of 18,650 to 18,900, suggests analyst Chandan Taparia.
