Fear on the Street: Index gauging investors' risk perception jumps 10%

India VIX indicates investors' perception of annual market volatility over the next 30 calendar days

India VIX, a measure of investors’ perception of the risk of sharp swings based on options prices, rose on Thursday by 10.5 per cent to 24.56 amid a steep correction in the benchmark indices.

On a year-to-date, the fear gauge has risen nearly 50 per cent. This is during a period when the Nifty 50 has fallen 10.3 per cent.

VIX indicates investors’ perception of the annual market volatility over the next 30 calendar days. The higher the value, the higher is the expected volatility and vice-versa.

Indian equities witnessed on Thursday a sharp selloff on the back of weak