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India Vix: A huge decline was seen in India VIX (Volatility Index) on 8 April. By 12:38 pm, a sharp decline of 10.76% was recorded in India VIX. The index is currently trading at 20.34, which is 2.45 points down from the previous closing level of 22.79. By 9:35 am, this decline had reached 19.62.
Today the day also started at the same level, but after that the decline continued. Today's lowest level was 19.38 while the highest level was seen at 22.79. This decline shows that the fear of volatility in the market has decreased and investor confidence has increased.
How was the market yesterday?
India's Volatility Index, also known as the fear meter, had increased by 65% to 22.78 on Monday. This increase was due to the imposition of tariffs on China by US President Donald Trump and the fear of a global trade war due to China's retaliation. Yesterday India VIX had increased by 66.98% to 22.84 at one point during the day, which is one of the fastest single day gains in recent years. Along with this rise, a huge decline has been seen in the stock markets. The market started with a sharp decline, as the fear of recession in America and trade war had increased among investors all over the world. Sensex fell by more than 3,900 points, while Nifty went below 22,000. Selling pressure was seen in almost all sectors. What is this index? India VIX is the main index that measures volatility in the market. Its fall indicates that the stock market may remain stable in the coming days.
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