India stock market volatility spikes to 7-month high on trade, earnings woes

ICICI Bank

21/01/2026 07:46

** India's volatility index .NIFVIX rises to 14.43, highest since June, signaling increased market stress

** NIFVIX is calculated from options prices that expire in next 30 days; higher reading indicates potential for high near-term price fluctuation; lower VIX suggests calmer market

** Nifty 50 .NSEI down 3.5% in January so far, dragged by trade uncertainty and tepid results from heavyweights such as Reliance Industries RELI.NS, ICICI Bank ICBK.NS intensifying foreign outflows

** FPIs offloaded shares worth $3.23 billion in January so far, after record $19 billion outflows in 2025

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

India's volatility index rises to a seven-month high on Wednesday https://reut.rs/4r5I07n

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))