India VIX soars 5% as fear factor hits stock markets
India VIX is calculated by using the best bid-ask quotes of near and next-month Nifty options contracts which are traded on the F&O segment of NSE. India VIX indicates the investor’s perception of the market?s volatility in the near term i.e. it depicts the expected market volatility over the next 30 calendar days. Higher the India VIX values, higher the expected volatility and vice-versa.
The volatility index, computed by NSE based on the order book of Nifty Options, stood at 12.50, up 5.14% compared to 11.89 in the previous session. The day to day rise in the fear factor gauge on April 25 is the highest in over a month. Image source: IANS