Stocks

Volatility index falls sharply after no negative surprise on China GDP

Reuters | Updated on January 19, 2018 Published on January 19, 2016

India's volatility index VIX fell as much as 11.35 per cent on Tuesday. It was headed towards its biggest single-day percentage decline since January 15, 2016.

At about 11.10 am, Vix was quoting at 18.7775, down 1.45 points or 7.15 per cent.

India VIX measures the local market's expectation of volatility in the near term.

China's economy grew 6.8 per cent in the fourth quarter from a year earlier, its slowest growth since 2009.

However, Chinese GDP data was mostly in line with expectations. Asian stocks inched higher on lack of any negative surprise.

Oil prices have stabilised and Brent crude was trading 1.5 per cent higher at $29/bbl.

Published on January 19, 2016
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