India VIX, a volatility index, gained on Tuesday. It is currently trading at 16.80, up 3.09% from 16.29. It witnessed a high of 16.80 and low of 15.22 after opening at 16.29 (at 9.43 am).

Volatility Index is a measure of market's expectation of volatility over the near term. Volatility is often described as the ''rate and magnitude of changes in prices'' and in finance often referred to as risk.

India VIX is a volatility index based on the Nifty Index Option prices. From the best bid-ask prices of Nifty Options contracts, a volatility figure is calculated which indicates the expected market volatility over the next 30 calendar days.