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Volatility index dips to all-time low; the chances of a correction become higher

This article was posted on Sep 4, 2010 and is filed under Market News

The NSE volatility index or India VIX slumped to its all-time low yesterday, indicating a large downside risk to the market

In a major indication that a significant market correction is imminent, the National Stock Exchange (NSE) volatility index ended at 16.15 yesterday – the lowest on a closing basis since its launch. The index also hit an intraday low of 15.13, a level it has not reached for well over a year now.

The NSE volatility index, known as India VIX, has been falling for some time now and is quoting at record lows. Experts believe that this reduced volatility could now be bottoming out, coinciding with an expected fall in the market. But can higher volatility not mean further rise in prices? In a bull market, rising volatility from extreme low levels is usually not associated with further rise but a decline. Read more here: Moneylife.in

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