NSE volatility index surges on emerging market turmoil

Tags: Stock Market
The NSE volatility index gains 10 percent, heading towards its biggest single-day percentage gain since September 30, 2013, reflecting the pressure on emerging markets.

The CBOE Emerging Markets Volatility Index also surges, heading for its biggest single-day rise since June 2013.

VIX measures the cost of protection via options and is seen by some investors as a "fear" gauge.

Dealers say the rise in the NSE's volatility index also reflects uncertainty ahead of the central bank's policy review on Tuesday.

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