VIX heads towards biggest slump in over 4-1/2 years

Tags: VIX, Stock Market
NSE's volatility index, or India VIX, fell as much as 23.88 percent, heading for its biggest single-day fall since August 26, 2009 after exit poll results showed Bharatiya Janata Party and its allies headed for a majority in elections.

India VIX had surged in the lead-up to the exit polls as investors braced for a potential negative surprise.

However, projections for a majority reinforce market expectations. The Sensex rose as much as 1.57 percent to a record high of 23,921.91 while the Nifty surged 1.45 percent to record high of 7,116.20.

RELATED ARTICLES

EDITORIAL OF THE DAY

  • Enhanced allocations are needed for research to ‘Make in India’ for India

    Even as India flaunts its ambitious ‘Make in India’ initiative from February 13, it spurs several questions.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Urs Schoettli

The importance of Indonesia

A few weeks ago, the wo­rld was shocked by a ...

Rajgopal Nidamboor

Try to awaken the archaeologist within

Our mind is far ahead of René Descartes’ famous maxim, ...

Bubbles Sabharwal

Social media versus real life

It’s amazing how social media brings out the best side ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture