--- title: "What is India VIX | RupeeCase" description: "India VIX is NSE's measure of the movement that Nifty options price in over the next thirty calendar days, quoted as an annual percentage." source_url: "https://www.rupeecase.com/learn/questions/what-is-india-vix" --- India VIX ran from a low on 26 Dec 2025 to a high on 30 Mar 2026, a day Nifty fell sharply Daily close of India VIX from 1 Jul 2025 to 10 Jun 2026. The lowest close was on 26 Dec 2025 and the highest on 30 Mar 2026. Source: NSE end of day data, computed by RupeeCase. As of 10 Jun 2026. From 1 Jul 2025 to 10 Jun 2026, the lowest close came on 26 Dec 2025. The highest came on 30 Mar 2026, a day when Nifty fell sharply. The chart above shows every daily close in between. NSE works out India VIX from near and next month Nifty options, using the out of the money calls and puts, with the forward level taken from Nifty futures and a money market rate for discounting. The answer is an annualised figure for the next thirty calendar days. Read the number as a rough size, not a forecast. Divide the annual figure by the square root of twelve and you get a rough one standard deviation move for the next month. A high figure means options are priced for bigger moves. It does not say the index will rise or fall. The two move in opposite directions on most days. Over that stretch India VIX rose on almost every day that Nifty fell by one percent or more. That is a pattern in the record, not a rule for the next session. The number does not tell you what an option costs on a given day either. A premium also depends on the index level, the time left and the strike, so VIX is one input among several. **Before you trade.** Derivatives trading carries a high risk of loss. SEBI's study "Profitability of Individual Traders in the Equity Derivatives Segment (FY25 to FY26)" (August 2026) found that 87.7% of individual traders in equity F&O made net losses in FY26, with aggregate net losses of Rs 91,685 crore. [Read the SEBI study](https://www.sebi.gov.in/reports-and-statistics/research/aug-2026/study-profitability-of-individual-traders-in-the-equity-derivatives-segment-fy25-fy26-_103835.html) What is India VIX?India VIX is NSE's measure of the movement that Nifty options price in over the next thirty calendar days, quoted as an annual percentage. It is built from the bid and ask quotes of Nifty options, so it reads option prices rather than past price moves, and it says nothing about direction. LGo deeper ## Where Learn teaches this. [Go deeperIndia VIX for beginners: what it measures and what it does not8 min, Beginner](/learn/path-16/module-16-2-india-vix-explained)[Go deeperVolatility: historical against implied7 min, Beginner](/learn/path-16/module-16-1-historical-vs-implied-volatility) SSources ## Go to the source. 1. [NSE, India VIX page (index description and methodology summary)](https://www.nseindia.com/static/products-services/indices-indiavix-index) NSE 2. [NSE, India VIX white paper (PDF)](https://nsearchives.nseindia.com/web/sites/default/files/inline-files/white_paper_IndiaVIX.pdf) NSE ?Questions people ask ## Related questions. [QuestionWhat is implied volatility?Beginner](/learn/questions/what-is-implied-volatility)[QuestionWhat does a high India VIX mean, and is VIX above 20 dangerous?Beginner, trap check](/learn/questions/high-india-vix-meaning)[QuestionHow are India VIX and Nifty related?Beginner](/learn/questions/india-vix-and-nifty)[QuestionHow is India VIX calculated?Advanced](/learn/questions/how-india-vix-is-calculated) [All 130 questions](/learn/questions/) Explore next ## Go deeper on this question. * [QuestionIV rank or IV percentile: what is the difference?A short answer with a dated chart](/learn/questions/iv-rank-vs-iv-percentile) * [ToolOption payoff builderLegs on a dated Nifty chain, breakevens and charges](/learn/tools/payoff-builder) * [GlossaryInvesting glossary, 230 termsPlain word definitions, and the app’s own](/learn/glossary) Community ## Join my WhatsApp group. Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me. New to RupeeCase? [Getting started](/getting-started) [See the terminal](/terminal) [Sign up for RupeeCase](https://invest.rupeecase.com/signup) [Join the WhatsApp group](https://forms.gle/C6HMtM1Z2GfeocQV7) [One form, one group](https://forms.gle/C6HMtM1Z2GfeocQV7)Scan with your phone camera Education only, not investment advice, a research report or a recommendation to buy, sell or hold any security. RupeeCase (QC Alpha Technologies Pvt Ltd) is not registered with SEBI as an investment adviser or research analyst. Contracts and prices shown are for illustration only, come from NSE end of day files at least 30 days old, and are not recommendatory. Derivatives trading carries a high risk of loss.