 "Markets")
India VIX, a measure of investors’ perception about the risk of sharp swings based on options prices, rose to its highest level since the 2008 global financial crisis as fear gripped markets worldwide after COVID-19 was declared a ‘pandemic’.
The fear gauge slid nearly 30 per cent on Thursday to 41.16, even as the Nifty dipped 8.3 per cent.
VIX is meant to indicate 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.
VIX touched its historical peak of 85.13 on November 17,
