VIX is an indicator of volatility in the market and is commonly referred to as the “Fear Index”, since if the VIX is high, then it is interpreted as a high level of fear in the market, and vice-versa. Based on NIFTY Index Option pricing, India VIX is a volatility indicator.
How is India VIX calculated?
How to read VIX?
For example, if India VIX is at 13, it implies that traders are anticipating a volatility of 13% over the next 30 days.