India stock market volatility hits 21-month peak as crude price surge hits markets

ICICI Bank

09/03/2026 04:45

** India’s equity volatility index .NIFVIX rises to 24.385, a 21‑month high, as surging crude prices stoke inflation concerns in the world’s third‑largest oil importer

** India VIX is derived from the best bid-ask prices of near- and next-month NIFTY options and reflects the market's expectation of volatility over the next 30 calendar days

** A higher reading signals greater expected near-term market volatility

** Sharp uptick in volatility highlights elevated intraday swings and fragile sentiment, as reflected in a weak advance-decline ratio - SAMCO Securities

** Nifty 50 .NSEI slides 2.38% and Sensex .BSESN sheds 2.36% as of 9:15 a.m. IST

** All 16 major sectors fall at the open

** Top private lenders HDFC Bank HDBK.NS and ICICI Bank ICBK.NS drop 3.2% and 3.7%, respectively

** Brent crude LCOc1 jumps as much as 26.4% to $117.16 per barrel; at $114.08 by 9:15 a.m. IST. O/R

Volatility in Indian markets climbs to a 21-month high https://reut.rs/4swfmga

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))