India VIX Poised for Two-Month High Amid Global Equities Rout
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The benchmark gauge of Indian equity options advanced to its highest level in two months as the nation’s stocks fell amid a global rout.
The India VIX index jumped 4.8 percent to 17.79 at 11:48 a.m. in Mumbai, headed for its third weekly gain. The CNX Nifty index lost 1.5 percent to 8,247.80, headed for a two-month low. Global investors bought $115.1 million of index options on Thursday, capping a 14th day of purchases, the longest stretch since a 19-day period through July 10, according to data compiled by Bloomberg.