The India Vix commonly referred to as "fear gauge" is signalling more turbulence in the domestic markets as fears of hard-landing in the US continues to rattle investors across the globe.
The index, which gives an indication of expected turbulence, rose on Monday by as much as 50 per cent - the biggest intraday jump in nine years. The index finally ended 42.33 per cent higher at 20.37, the highest close since June 4, 2024. The surge on Monday is the highest single-day rise in Vix since August 24, 2015. The Nifty 50 index fell 662 points, or 2.68 per cent, to end at 24,056. Technical experts say the index has broken key support zones and is precariously poised.
This story is from the August 06, 2024 edition of Business Standard.
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This story is from the August 06, 2024 edition of Business Standard.
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