India VIX Today: Volatility Index Shows Signs of Recovery

The India VIX is the volatility index of the Indian equity market, specifically Nifty. Recently, the index has plunged 12% over two sessions, signaling a potential comeback for bulls after a prolonged period of market correction. This follows a significant surge of 65.32% from 13.70 on February 27, 2026, to 22.65 on March 13, 2026, amid a panic selloff that saw the Sensex drop by 6,723 points.

As of March 17, 2026, the India VIX has slipped to 19.91, reflecting a reduction in risk perception. The Nifty 50 index opened at 23,493 and reached an intraday high of 23,566, while the BSE Sensex started strong at 75,826, climbing to a high of 75,977.

On March 16 and 17, the Indian market experienced a relief rally as investors engaged in value buying. The Nifty IT index, however, has faced challenges, recording its steepest monthly fall since September 2008, with a nearly 20% drop in February 2026. So far in the calendar year 2026, the Nifty IT index is down 24.5%.

Market analysts have noted that investors have taken significant positions at the 22,000 level for the Nifty 50 index, indicating that this crucial support level may hold during the current market fluctuations. Rakesh Bansal commented, “Investors have taken calls in bulk at 22,000, which signals the 50-stock index may not break this crucial support in the current fall.”

Amit Goel also highlighted that a bulk Put Write position at the same level is expected to provide additional support to the index. The volatility index has eased during the two sessions this week, declining by over 4.50% on Monday and by over 6% during Tuesday’s session.

As the markets stabilize, observers are keen to see how the recovery unfolds in the coming days. The recent trends suggest a cautious optimism among investors as they navigate the current landscape of the Indian equity market.