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India Vix Share Price
India VIX
₹ 13.90
+0.21 (+1.53%)
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Key Indices in NSE
Frequently Asked Questions
What are the indices in India Vix ?
In the world of investments, risk and performance are interdependent. Hence, to know the desirability of a stock, we need to understand and study the risk involved. The India Vix Indices provide us with the benefit of studying the market stocks over a period of time to analyse the performance and risk associated with it. Stock market indices capture the behaviour of the overall Equity market.
All stock prices move for two sole reasons - news about company (closure of factory, product launch and such) or national news (weather, nuclear bombs, budget announcement and more). The indices capture the movements as per these two parameters through averaging. Indices are a source of information through which we can see how the market is faring. Nowadays, indices are all used for index funds and index derivatives. Index funds are those funds passively invest in the index while index derivatives allow altering risk exposure to an index (hedging) and implement forecasts and index movement (speculation). Lastly, indices are a benchmark for performance by fund managers. All equity funds beget returns like the overall index and a 50:50 debt:equity fund begets returns on 50% investment & 50% fixed income.
The India Vix indices are benchmark indices that list India Vix of the biggest companies listed in the NSE out of the total number - 1600 companies that are registered.
All stock prices move for two sole reasons - news about company (closure of factory, product launch and such) or national news (weather, nuclear bombs, budget announcement and more). The indices capture the movements as per these two parameters through averaging. Indices are a source of information through which we can see how the market is faring. Nowadays, indices are all used for index funds and index derivatives. Index funds are those funds passively invest in the index while index derivatives allow altering risk exposure to an index (hedging) and implement forecasts and index movement (speculation). Lastly, indices are a benchmark for performance by fund managers. All equity funds beget returns like the overall index and a 50:50 debt:equity fund begets returns on 50% investment & 50% fixed income.
The India Vix indices are benchmark indices that list India Vix of the biggest companies listed in the NSE out of the total number - 1600 companies that are registered.
Is India Vix a good investment?
The India Vix stocks are some of the top companies in the country, and by buying this, your portfolio looks well rounded as well as you become part owner of fantastic companies! Having said that, the index is just a measurement of the history and current performance of the stock market. While these are top companies, and the chances of their share price rising are good, the risk needs to be studied through the India Vix indices. In the past, the Nifty has seen losses and well as gains, both big. Blindly putting investments on it is never a good idea.
There are many ways to invest in India Vix that include Nifty stocks, futures, options & ETFs. They are known for good returns and being long term investments. Some fund managers like to make a well rounded portfolio and invest in the entire index fund, which means that all the returns earned by the index will be the same as the returns percentage you receive. In an entire index return, the good and bad get cancelled out, making overall gain chances better. For example, there is a fall in the share of one company, but a rise in another, these two will cancel each other out. There exist many index mutual fund investment strategies as well. You cannot buy the entire index directly, but buy each share on the index separately in equal quantities. This promises lower expense ratio and better market returns.
There are many ways to invest in India Vix that include Nifty stocks, futures, options & ETFs. They are known for good returns and being long term investments. Some fund managers like to make a well rounded portfolio and invest in the entire index fund, which means that all the returns earned by the index will be the same as the returns percentage you receive. In an entire index return, the good and bad get cancelled out, making overall gain chances better. For example, there is a fall in the share of one company, but a rise in another, these two will cancel each other out. There exist many index mutual fund investment strategies as well. You cannot buy the entire index directly, but buy each share on the index separately in equal quantities. This promises lower expense ratio and better market returns.
Can I invest in India Vix?
Yes, you can invest in India Vix. As we know now, India Vix is a benchmark of the Indian stock market index. If India Vix is going upwards, the Indian economy is doing well and going upwards too.
You can invest in the India Vix index and earn returns from all stocks. You can do this through the Upstox website or app through:
You can invest in the India Vix index and earn returns from all stocks. You can do this through the Upstox website or app through:
- 1. Spot Trading: This is the most simplest way to invest in India Vix. Through this you can select some India Vix stocks or choose to buy some of them individually and reap benefits individually on each.
- 2. Derivative Trading: Derivatives are financial contracts that obtain their value from an underlying asset. These assets could be indices, stocks, currency or commodities. The involved parties decide on a future date to settle the contract. Speculation is made on the value that the underlying asset will achieve in the future, which is how a profit is attained. In India Vix index, two kinds of derivatives are available:
- a. India Vix Futures: With India Vix futures, the buyer and seller both agree to buy & sell at a predetermined future date. This becomes the basis for the contract, during the period of which the stock can be sold and a profit attained if the price rises. If the price drops, you can wait for the date of settlement.
- b. India Vix Options: With India Vix options, the buyer and seller both agree to buy & sell at a predetermined future date at a price they decide upon in the present. The buyer pays a premium amount and obtains the legal right to buy and sell the stock in the future. This is a right, not a compulsion.
- 3. Index Funds: Index fund is a type of mutual fund designed to provide you with market exposure. In the case of India Vix, a portfolio consisting of all the stocks available in equal quantities. This way, the portfolio earns returns as per the India Vix Index.
Can I check India Vix Share Price Historical data?
Yes, you can check the India Vix’s historical price movements on Upstox. All you have to do is head to the historical data page and fill out India Vix, NSE & if you want daily, monthly, yearly or a particular date. Click enter, and you will see the India Vix Historical Data.
How are indices calculated?
The India Vix indices are calculated as per the float-adjusted and market capitalization method. The aggregate market value of the stocks present in the index for a specific period are demonstrated in the level index. 3rd November 1995 is the base duration for the India Vix index. The best value for the stocks is Rs. 1,000, while the base capital is Rs. 2.06 Trillion.
Formula for Index Value:
Market Capitalisation = Price x Equity Capital
Free Float Market Capitalisation = Price x Equity Capital x Investable Weight Factor
Index Value = Current Market Value / (1,000 x Base Market Capital)
IWF (Investable Weight Factor) is a factor that is used to calculate the number of shares that are available for trading. The value of stock changes on a daily basis which is why the index calculation is made on a real-time basis. This formula determines the value as well as the changes in the corporate procedures like right issues, stock splits, etc.
Formula for Index Value:
Market Capitalisation = Price x Equity Capital
Free Float Market Capitalisation = Price x Equity Capital x Investable Weight Factor
Index Value = Current Market Value / (1,000 x Base Market Capital)
IWF (Investable Weight Factor) is a factor that is used to calculate the number of shares that are available for trading. The value of stock changes on a daily basis which is why the index calculation is made on a real-time basis. This formula determines the value as well as the changes in the corporate procedures like right issues, stock splits, etc.
How many indices are in NSE?
NSE Indices Limited (Formerly India Index Services and Products Limited (IISL)) is a subsidiary of the NSE of India. It provides various different types of Indices. There are mainly three types of stock market indices - Benchmark Indices, Sectoral Indices, Market Cap Based Indices and a few other Indices. In totality, NSE has over 100 Equity Indices.
What is the difference between index and indices?
Index & Indices are the same thing. Index is singular form and Indices is plural form. Indexes is also correct but over time, Indices is the scientific & systematic term used especially in mathematical values and stock exchange.
What are the types of NSE stock indices?
NSE Indices Limited provides various different types of Indices. There are mainly three types of stock market indices - Benchmark Indices, Sectoral Indices, Market Cap Based Indices and a few other Indices.
- 1. Benchmark Indices: Benchmark Indices use the best practice to regulate the companies they pick, making them the best point of reference for the working of the market as well as the Indian economy.
- a. India Vix - A collection of the top performing companies of India.
- b. Sensex - A collection of the top 30 best performing stocks of NSE and BSE Exchange respectively.
- 2. Sectoral Indices: These indices have many good indicators that measure companies in specific sectors. But, both NSE and BSE do not have all sector indices. Some examples of Sectoral indices include NSE Pharma and Nifty PSU Bank.
- 3. Market Cap Based Indices: Indices that select companies based on their market capitalization come under these types of indices. Some examples include NSE small cap 50.
- 4. Other Indices: NSE 100, among others, are larger indices with more stocks listed on them.
Who owns India Vix?
India Vix is a popular stock index that was introduced in 1992, and implemented by 1994 by the National Stock Exchange of India. It is owned and managed by India Index Service & Products Limited (IISL) that is an Indian specialised company that focuses on indices like Index Funds, Index Options & Index Futures.
Can I buy India Vix shares from Upstox?
Yes, you can buy India Vix shares from Upstox by following these steps.
- Step 1: Head to the Upstox website or download the app.
- Step 2: Sign up.
- Step 3: Fill in your KYC/e-KYC and create your Demat account.
- Step 4: Decide how you wish to invest in India Vix - through index funds, Nifty futures, Nifty options or spot trading.
- Step 5: Place your order.
About India VIX
Market volatility is a key component for stock market investors. In finance, volatility represents the risk and is defined as the extent of price variation. The volatility index (VIX) is the expected level of fluctuation in the short term.
VIX is a trademark owned by the Chicago Board Options Exchange (CBOE) and Standard & Poor's (S&P) has authorised NSE to use this mark in India.
The India Volatility Index, also known as India VIX, is an indicator of the anticipated level of volatility in the National Stock Exchange (NSE) index for the upcoming 30 days. It is calculated to see the potential price fluctuations in the market.
History of Indian VIX
The India VIX was introduced by the NSE in 2008. It is computed based on the current index option prices of the NIFTY and is generally expressed as a percentage rather than an absolute value. India VIX is a volatility index derived from the prices of NIFTY Index Options. Computing a volatility percentage from the optimal bid-ask prices of NIFTY Options contracts represents the anticipated market volatility.
India VIX and Volatility
India VIX includes five variables in its calculation. These are strike price, market price of the stock, expiry date, risk-free returns and volatility. It looks at the expected volatility by investors, considering the best bid and ask quotes of out-of-the-money, present and near-month NIFTY options contracts.
VIX and volatility are inversely proportional. A higher VIX suggests increased market volatility, while a lower VIX indicates reduced volatility in NIFTY. A VIX value of 15 means that investors anticipate price fluctuations within the range of +15 and -15 over the next 30 days. Theoretically, VIX fluctuates between 15 and 35. A value near or below 15 signifies low volatility, whereas values exceeding 35 indicate high market fluctuations. Historically, NIFTY and VIX have demonstrated a negative correlation which means that NIFTY tended to rise when VIX was below 15.
There also exists a positive correlation between volatility and India VIX. This means that when volatility is increased, the value of the India VIX index is also high. Before the COVID-19 pandemic, the India VIX remained low, below 30 since 2014, indicating a stable market. With the onset of the pandemic, the India VIX value surged to 50. So, the equity index experienced a fall, losing nearly 40% of its value and trading at the 8000 level. As a general rule of thumb, a higher India VIX value corresponds to increased volatility and more market risk.
The India VIX reached its all-time high reading of 92.5 in November 2008 during the global financial crisis. More than a decade later, it was recorded at 87 in March 2020 due to COVID-19.
How is India VIX Value Calculated
India VIX uses the computation methodology of CBOE and makes adjustments to align with the NIFTY options order book. The calculation involves gathering data for the following four factors:
- Time to expiry: Computed in minutes instead of days for a more precise value.
- Interest Rate: The model relies on a risk-free interest rate, typically linked to the NSE Mumbai Interbank Offered Rate (MIBOR) rate for a specific tenure corresponding to the expiry months of the NIFTY option contracts.
- Forward index level: The most recent price of the NIFTY Futures contract for the respective expiry month is taken as the forward index level. This level is crucial for identifying out-of-the-money options, beginning with determining the at-the-money strike price. The strike price is then used to select OTM option contracts.
- Bid-Ask Quotes: The bid-ask quotes of the OTM option contracts, identified after determining the ATM strike price and located just below the forward index level, are used in the calculation of India VIX. In cases where there are strike prices with unavailable quotes, values are determined through interpolation using the statistical method of computation called Natural Cubic Spline.