India VIX Index: Price, Performance, and What it Means Today
The India VIX (India Volatility Index) is often called the "Fear Gauge" of the Indian stock market.1 It is not a stock or a share price but rather an index that measures the market's expectation of volatility in the Nifty 50 Index over the next 30 calendar days.2
India VIX Value Today
The India VIX index today closed lower, indicating a decline in market anxiety as the Nifty 50 rallied.
| Metric |
Value |
Change |
| Closing Value (26 Nov 2025) |
12.015 |
$\approx -1.86\%$ (down from previous close) |
| Previous Close |
12.2425 |
- |
| Day's Range |
11.585 - 12.5725 |
- |
| 52 Week Range |
9.40 - 23.19 |
- |
Interpretation
A low India VIX value (typically below 15) suggests that investors anticipate low volatility and relative market stability, which is generally associated with a steady or rising Nifty 50.3 The current level of 12.015 suggests a low-volatility regime and a prevailing calm sentiment in the market.4
India VIX Historical Movement
The India VIX does not generate returns in the way a price index does, as its value is constantly fluctuating. However, its movement over time reflects periods of high and low market risk.
| Period |
Change (Approx.) |
Market Sentiment Reflected |
| 1 Week |
$\approx -2.81\%$ |
Decline in short-term uncertainty. |
| 1 Month |
$\approx +1.38\%$ |
Minor rise from very low levels, followed by a decline. |
| 1 Year |
$\approx -23.25\%$ |
Significantly lower fear compared to a year ago. |
Key Factors Affecting India VIX Today
The drop in the India Volatility Index today was driven by the following factors:
-
Broad Market Rally: The primary reason was the strong rally in the Nifty 50 and Sensex, driven by positive global cues, strong institutional buying (FII and DII), and optimism about potential US Federal Reserve rate cuts.7 A rising market reduces investor fear, causing the VIX to fall.
-
Low Geopolitical Risk: The absence of major, immediate global or domestic shock events keeps the fear gauge subdued. VIX spikes are usually triggered by large, unexpected events like elections, budget announcements, or global crises.
-
Implied Volatility (IV): The VIX is calculated using the price of Nifty options.8 When the demand for protective Put options is low (meaning traders aren't aggressively buying protection), the options' implied volatility drops, which pulls the VIX value down.