The India VIX Index, which measures market volatility based on NIFTY index option prices, saw a sharp increase this week. From September 27 to October 4, the index climbed by 21.50% rise, pointing to heightened market uncertainty.
Here’s how the India VIX performed over the week:
- Friday, September 27: The VIX opened at ₹12.00 and closed slightly lower at ₹11.96, registering a minor decrease of 0.33%.
- Thursday, October 3: The index saw a major spike, opening at ₹11.99 and closing at ₹13.17, a significant increase of 9.84%. This surge marked the highest increase in a single day for the week.
- Friday, October 4: The VIX continued its upward trend, opening at ₹13.17 and closing at ₹14.13, up by 7.29%.
Weekly Trend: Overall, the India VIX experienced substantial volatility during the week, showing a clear upward trend. Starting at ₹11.96 on September 27 and closing at ₹14.13 on October 4, the index’s movements suggest an increase in market uncertainty and risk, which traders and investors should closely monitor in the coming days.
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