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India VIX today

India VIX closed at 14.38 on Friday 9 October 2026, down 5.9% on the day. At that level, option prices imply Nifty 50 moving about ±0.91% (about 204 points) in a day and ±4.15% (about 935 points) in a month.

Latest: 9 October 2026 · source: NSE (official close)

India VIX
14.38
closing level, 9 Oct 2026
Change on the day
−5.9%
from 15.28
Implied move, one day
±0.91%
about 204 Nifty points
Implied move, one month
±4.15%
about 935 Nifty points

The past year

India VIX (solid) and how much Nifty actually moved, annualised (dashed)61728India VIXActual movement, 21 days30 Sep 20259 Oct 2026
India VIX (solid) and how much Nifty actually moved, annualised (dashed)

Over the past year India VIX has closed as high as 27.89 (30 March 2026) and as low as 9.15 (26 December 2025). The middle reading of the year is 12.66.

Day by day

DateIndia VIXChange
9 Oct 202614.38−5.9%
8 Oct 202615.28+10.0%
7 Oct 202613.89+2.1%
6 Oct 202613.61−7.9%
5 Oct 202614.78+2.2%
1 Oct 202614.46+7.2%
30 Sep 202613.49+0.6%
29 Sep 202613.41−1.7%
28 Sep 202613.64+12.2%
25 Sep 202612.16−4.2%
24 Sep 202612.69+22.6%
23 Sep 202610.35−5.9%
22 Sep 202611.00−2.2%
21 Sep 202611.25−1.2%
18 Sep 202611.39−7.3%

What the level means in points

Over the nextImplied move, one standard deviationIn Nifty points
Day±0.91%±204
Week±2.03%±456
Month±4.15%±935

India VIX is an annual figure. Divide it by the square root of 252 for a day's expected move, or multiply by the square root of the fraction of a year for any other stretch. One standard deviation is the band the market is expected to stay inside about two days in three.

How to read it

India VIX is NSE's measure of how much movement traders expect in Nifty 50 over the next thirty days. It is worked out from the prices of Nifty options: when traders pay up for options, VIX rises.

It measures the expected size of moves, not their direction. It tends to jump when the market falls quickly, which is why it is called a fear gauge, but a high VIX can sit beside a rising market, and a low VIX is not a promise of calm.

The useful comparison is with how much Nifty has actually been moving. When VIX is well above that, options are expensive relative to recent movement; when it is below, they are cheap.

Questions people ask

What is India VIX?

India VIX is a volatility index published by NSE. It shows the annualised movement in Nifty 50 that option prices imply for the next thirty days.

What is a normal level of India VIX?

Over the past year its middle reading has been 12.66. Readings in the low teens have been ordinary in recent years; readings above 20 have come with stress.

How do I turn India VIX into an expected move?

Divide by the square root of 252 for one day. A VIX of 14.38 implies a one-day move of about ±0.91%, and about ±4.15% over a month.

Does a high India VIX mean the market will fall?

No. VIX measures the size of expected moves, not their direction. It usually rises when the market falls sharply, but it can also rise ahead of a known event while prices hold.

How is India VIX calculated?

NSE computes it from the best bid and ask prices of near-month and next-month Nifty option contracts, using the method of the Cboe's VIX adapted to the Nifty order book.

When is India VIX updated here?

This page shows NSE's official closing value, updated each trading evening.

Keep reading

What India VIX tells youHow it is built, and how to turn it into an expected moveFII and DII dataWhat foreign and domestic institutions bought and sold in the cash marketFII long-short ratioForeign investors' positions in index futures, with retail's beside themNifty P/E ratioP/E, P/B and dividend yield of Nifty 50, other indices and every sector

End-of-day figures from NSE's published files, with Aurevian's arithmetic where stated. Research and information, not investment advice.