Volatility index near one-year low a day ahead of futures launch

Reuters Market Eye - India VIX index hits its lowest intraday level since March 11, 2013, a day ahead of the launch of futures contracts with options volatility easing on improved sentiment, sparked by foreign investor buying over the previous two weeks.

India VIX is a volatility index based on the index options prices of the Nifty.

Indian equities are expected to remain supported as overseas investors have been net buyers of nearly $450 million over the last nine sessions.

(Reporting by Abhishek Vishnoi)