India VIX indicates expected volatility in the market over the next 30 days. Higher levels suggest greater volatility as traders expect larger price swings in the market.
India VIX dropped to a 4-month low as fears of the geopolitical tensions between the US and Iran subsided leading to a rebound in global and Indian stock markets, says Sudeep Shah of SBI Securities.
At 10:59 AM, India VIX was down 21.1 per cent at 19.48 after US President Donald Trump delayed attacks on Iranian infrastructure, and crude oil prices declined below $100 per barrel
Market volatility rose after Iran attacked several energy facilities across West Asia following a strike on its South Pars gas field, a major escalation in Tehran's war with the US and Israel
The latest spike in the Vix index is a sign that investors were visibly rattled by global developments and fear a further drawdown in stock prices, said experts