Indian equities are trading on a flat note in early trade on Wednesday tracking mixed global cues. At 10.15 a.m, the Sensex was trading down 2.85 points or 0.01% at 26,627.66 with 18 components falling. Meanwhile, the Nifty was trading lower by 0.15 points at 7,964.65 with 29 components falling.
 
India VIX, a volatility index, gained on Wednesday. It is currently trading at 13.35, up 1.52% from 13.15. It witnessed a high of 13.48 and low of 12.89 after opening at 13.15 (at 10.13 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.