India’s VIX Climbs for Record Ninth Day as Stocks Extend Losses
This article is for subscribers only.
The benchmark gauge of Indian equity-option prices climbed for a ninth day, its longest stretch on record, as investors sought more protection in a stock market falling amid concern about company earnings.
The VIX Index jumped 3.3 percent to 19.11 at the close in Mumbai, its highest level since Feb. 27. The gauge has surged by more than a third over the nine-day period, including a 27 percent surge this week. The CNX Nifty index lost 1.1 percent to 8,305.25 on Friday. The S&P BSE Sensex also dropped 1.1 percent.