VIX heads towards biggest slump in over 4-1/2 years
Reuters Market Eye - NSE's volatility index, or India VIX .NIFVIX, fell as much as 23.88 percent, heading for its biggest single-day fall since August 26, 2009 after exit poll results showed Bharatiya Janata Party and its allies headed for a majority in elections.
India VIX had surged in the lead-up to the exit polls as investors braced for a potential negative surprise.
However, projections for a majority reinforce market expectations. The Sensex rose as much as 1.57 percent to a record high of 23,921.91 while the Nifty surged 1.45 percent to record high of 7,116.20.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Ten years ago, the boss of Qatar Airways, who takes his first new A350 jet this week, warned Airbus it was flying off course. But it took another two years of sales setbacks and doubts at the highest management level before Airbus agreed to build the A350XWB to be delivered on Monday. That story is revealed here after interviews with customers, suppliers and industry sources. Full Article