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Thursday, December 04, 2025 | 01:44 AM ISTहिंदी में पढें
Street Signs: Low Vix, high tension, IPO fireworks light up grey market sky
A calm Vix belies market jitters as FPIs sell aggressively; IPO grey market stays hot; traders push back against Sebi's plans to curb weekly derivatives expiries
 "stock prices, Nifty Smallcap, stock market, initial public offering, IPO")
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Traders are closely monitoring developments around the Securities and Exchange Board of India’s (Sebi’s) stated pivot towards longer-tenor derivatives contracts
Low Vix, high tension: The mirage of stability
On September 18, the India Volatility Index (India Vix) — often dubbed the ‘fear gauge’ and a key indicator of market choppiness — closed at 9.89, signalling low volatility expectations. Yet this calm reading sharply contrasted with the market’s recent turbulence. The Nifty fell for a sixth consecutive session, hitting 24,655. Traders say the Vix’s muted level reflects complacency, catching many off guard amid aggressive selling by foreign portfolio investors (FPIs). Last week, FPIs withdrew roughly ₹15,000 crore from Indian stocks, pushing the Nifty down 2.6 per cent — its steepest weekly
