Following three days of correction, the Indian equities market opened higher on Wednesday, in line with its global peers. The surge in the Sensex and Nifty pushed the India VIX, a metric for evaluating stock market volatility, down 27% to 13.72. The Indian stock market's fear gauge index plunged 8% to 18.74 on Tuesday.
In early trading today, the Sensex increased 1046 points to 79,639 while the Nifty gained 314 points to 23,992. The market capitalization of BSE-listed businesses has risen to Rs 445.85 lakh crore. However, investor wealth is down by approximately Rs 15.77 lakh crore from before the three-day correction began on August 2. On August 1, the market capitalization of BSE-listed companies reached at Rs 461.62 lakh crore.
Anand James, Chief Market Strategist at Geojit Financial Services, stated, "The sharp decline in India VIX is largely due to the early-day recovery in equities following the global rout yesterday." However, the reduction in VIX is not expected to last, and the rebound back over 18 underlines that the Indian market remains sensitive and fragile as global events unfold, with the Nifty just coming off a 10-month string of month-on-month high."
Weak US job numbers suggested that the country might be headed for a recession. This triggered a Wall Street crash, with three important indexes, the NASDAQ Composite, S&P 500, and Dow Jones Industrial Average, falling for three consecutive sessions until Monday.
Anand James, Chief Market Strategist at Geojit Financial Services, stated, "The sharp decline in India VIX is largely due to the early-day recovery in equities following the global rout yesterday." However, the reduction in VIX is not expected to last, and the rebound back over 18 underlines that the Indian market remains sensitive and fragile as global events unfold, with the Nifty just coming off a 10-month string of month-on-month high."
Weak US job numbers suggested that the country might be headed for a recession. This triggered a Wall Street crash, with three important indexes, the NASDAQ Composite, S&P 500, and Dow Jones Industrial Average, falling for three consecutive sessions until Monday.
On August 5, the Indian VIX increased by 60% to 22.90 as the Indian market fell with global stock markets. The index, which finished at 14.32 on Friday, jumped to 22.90 in late morning trading on Monday. The increase in the fear gauge index occurred after the Sensex dropped 2,037 points to 78,944 and the Nifty plunged 661 points to 24,056. The market capitalization of BSE-listed corporations plummeted to Rs 440.13 lakh crore, representing a loss of Rs 17.03 lakh crore in investor wealth in late morning trading on Monday.
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