ISSUE NO: 17
September overall was a mixed
month for the Indian Equity
Investors. At the beginning the
India VIX volatility index, a
measure of investor perception
about risk of sharp swings based
on option prices, dropped to 13.02
on Tuesday, the lowest since
December 11, 2014.
This suggested that equity
investors are confident that the
only way to go is up, at least in the
near
term,
reflecting
the
conventional wisdom that when
stocks rise, the VIX trends lower,
analysts said.
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SEP-OCT
The index, which inched up
marginally to 13.24 on Sep 1, is
computed using the best bid-andask quotes of out-of-the-money
near- and midmonth Nifty option
contracts, which are traded on the
futures and options (F&O)
segment of the NSE. The higher
VIX goes, the greater is the
expected volatility and vice-versa.
Reliance Industries made a big
move by unveiled plans for its Rs
1.50 lakh crore startup, Reliance
Jio Infocomm, which would start
commercial
operations
from
December 31, but surprisingly