Volatility index jumps on global sell-off

Reuters Rajalakshmi V._4814 Updated on February 06, 2018

Feb 6

India's volatility index surged owing to global sell-off. The volatility index jumped as much as 35.9 per cent to 21.815, its highest since November 23, 2016.

The index posted biggest intraday percentage gain since September 2016. The spike in VIX comes amid global market rout, with Wall Street posting its biggest decline since 2011.

The broader NSE index was down 2.91 per cent at 10,356.65, while the benchmark BSE index was 3.01 per cent lower at 33,712.62.

Falls in domestic equities come at a time when investors are worried about the imposition of a capital gains tax and the outcome of a central bank meeting due to conclude on Wednesday.

Published on February 06, 2018
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