VIX at five-year high ahead of exit polls

Tags: Stock Market
NSE's volatility index, or India VIX, hits its highest level since March 11, 2009, and is headed for a fourth consecutive session of gains ahead of exit poll results later in the day.

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

The volatility index is up 3.6 percent, adding to Tuesday's surge of 9.9 percent., just as the Sensex and Nifty surge to record highs.

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