Economic Times•Yesterday
India's fear gauge logs sharpest spike since Covid shock in 2 days
Mumbai: India's fear gauge for equity assets logged its steepest advance since the first Covid shutdown week six years ago, with the volatility index, or the VIX, cumulatively climbing nearly 50% in two trading days through this truncated work week. The fear gauge is now at its highest level in 10 months and analysts warn that such huge jumps do not bode well for the markets, and any pullbacks in such times could be temporary, until geopolitical conflicts are resolved.
