India VIX, a volatility index, rose on Wednesday. It is currently trading at 14.82, up 1.28% from 14.64. It witnessed a high of 15.02 and low of 12.46 after opening at 14.64 (at 12.17 pm).
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.