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In signs of potential calmness in India's stock market, the domestic equity volatility index, India VIX, is trading near record closing lows.
On Friday, the index ended at its lowest ever closing of 10.12, but rose to 10.68 levels on Monday in intraday deals. Analysts attribute these low levels to the absence of any immediate key triggers for the markets.
The volatility gauge measures the market's expectation of future volatility based on Nifty50 index options contracts. It typically rises when market volatility is expected to increase, indicating higher uncertainty or risk in the near future.
The VIX has fallen beyond
