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India VIX today jumped after foreign investors sold index derivatives.
NSE’s volatility index, domestic equivalent of the VIX fear gauge, jumped 5.1 per cent.
The broader NSE index fell 0.8 per cent.
Foreign portfolio investors sold index futures and options worth Rs 826 crore on Thursday, according to NSE.
Index derivatives in India are dominated by NSE index and NSE bank index contracts.
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