India VIX
Reading VIX
Above ~20 is read as elevated fear, below ~15 as complacency; judge it against its own recent range. It spikes before events (budget, elections, RBI policy) and decays after, like the volatility skew.
- VIX up, NIFTY down — fear; demand for downside protection.
- VIX down, NIFTY up — complacency; the common regime.
- VIX up, NIFTY flat — an upcoming event is being priced.
Methodology & data
This is NSE's own official computation, streamed live — not back-solved or estimated by us. Compare it against per-strike IV on the volatility page: VIX is one market-wide number, that page is the skew across individual strikes. Spot only for now — a historical chart is a separate build.
What is India VIX?
NSE's official volatility index, measuring the market's expectation of NIFTY's movement over the next 30 days, computed from the live order book of near and next-month NIFTY options.
What is considered a high VIX level?
There's no fixed threshold — above ~20 is generally read as elevated, below ~15 as complacent, but it's best read relative to its own recent range rather than an absolute number.
How is India VIX different from per-strike implied volatility?
VIX is a single, market-wide number computed by NSE across the near-term NIFTY option chain. The volatility skew page shows implied volatility per individual strike, which can vary meaningfully even while VIX itself stays flat.
Is this data delayed or live?
Live — streamed directly during NSE market hours (09:15–15:30 IST).