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While the VIX reading still remains a benign 12, the recent surge suggests a bearish turn in sentiment, according to analysts

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Abhishek KumarSundar Sethuraman

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Fear’s up: Bulls retreat, bears out

The India VIX Index, a gauge of market volatility, has surged by more than 20 per cent in the past three weeks amid a gradual decline in the benchmark National Stock Exchange Nifty. While the VIX reading still remains a benign 12, the recent surge suggests a bearish turn in sentiment, according to analysts. “The India VIX, known as the fear indicator, has risen from 10.14 to 12.14 in the past three weeks, causing significant discomfort for the bulls,” says Ashwin Ramani, derivatives and technical analyst at SAMCO Securities. He adds that it is

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First Published: Aug 21 2023 | 6:07 AM IST

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