- The volatility indicator soared 13.6% to 16.6%, registering its biggest single-day rise in more than a year amid the ongoing Lok Sabha elections.
- India VIX is a volatility index computed by the NSE based on the order book of NIFTY Options contracts. It takes best bid-ask quotes of near and Next-month NIFTY options contracts which are traded in the F&O segment.
- A volatility figure is calculated in percentage which indicates the expected market volatility over the next 30 calendar days.
- Volatility is often described as the ‘rate and magnitude of changes in prices’ and in finance often referred to as risk.
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