5/8/2024, 11:22:02 am

India VIX jumps over 50% in biggest single-day surge since August 2015

The India Volatility Index (VIX) surged 52% on Monday to cross 20, due to a sharp correction in Indian equity markets, triggered by global market volatility. The Sensex and Nifty 50 slipped over 2% each, with key heavyweights contributing to the decline. Futures in the US also indicated a continued sell-off, affecting Indian IT stocks.