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BUZZ-India's volatility index surges after N.Korea nuclear test
September 4, 2017 / 7:40 AM / 3 months ago

BUZZ-India's volatility index surges after N.Korea nuclear test

** NSE’s volatility index, the domestic equivalent of the VIX fear gauge, jumps as much as 19.53 pct, posting its biggest intraday pct gain since May 18

** The broader NSE index falls as much as 1.1 pct, while the benchmark BSE index declines up to 1 pct

** North Korea conducted its most powerful nuclear test on Sunday, prompting the threat of a “massive” military response from the United States if it or its allies were threatened

** South Korea said it was preparing fresh military drills with the United States and was ramping up its ballistic missile defences

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