India VIX Holds Near 11.7 as Nifty Opens Lower Today 

Mumbai, Aug 13: India VIX remained close to its previous close in Thursday’s opening trade even as Indian equities started lower amid continued Middle East uncertainty and crude-related concerns. At 10:00 IST, India VIX stood at 11.71, unchanged at 0.00 (0%), after opening at 11.69, the same as its previous close. Its day range was 10.65-12.19, while the 52-week range stood at 8.72-28.90. 

India VIX At 11.71 as Markets Open Lower 

Reuters reported that by 9:16 am IST, the Nifty 50 was down about 0.30% at 24,364.3, while the Sensex declined 0.12% to 77,873.12. At that point, 14 of 16 major sectors were trading lower. 

Despite the weaker equity opening, India VIX did not register a sharp rise. The index opened at 11.69 and remained around 11.7 in early trade. Live data showed an intraday high of 12.19 and a low of 10.65, indicating movement in both directions without a sustained jump in volatility. 

Middle East Uncertainty Pressures Nifty Near 24,364 

Continued uncertainty around the Middle East was the primary negative factor behind the weaker opening. Reuters reported that Iran and the United States remained at odds over efforts to reach a permanent end to the Gulf conflict, keeping geopolitical uncertainty elevated. 

The Nifty 50 moved to around 24,364.3, while the Sensex was at 77,873.12 at 9:16 am. 14 of 16 major sectors declined in the initial minutes. 

For India VIX, the geopolitical uncertainty provided a backdrop for higher volatility expectations, but the early reading around 11.7 showed that the effect had not translated into a major increase in the volatility index. 

Crude Near $89 Adds Pressure as VIX Stays Contained 

Crude oil remained another important factor for Indian markets as Middle East tensions continued. The previous session had seen crude near $89 a barrel, with geopolitical developments cited as a major factor behind the elevated level. 

For India, higher crude prices can affect the import bill, inflation, the rupee, corporate input costs and expectations around monetary policy. Geopolitical uncertainty and elevated oil prices therefore added pressure at the start of Thursday’s session. 

However, India VIX continued to trade around 11.7, rather than registering a sharp increase. Its early range of 10.65-12.19 showed movement during the session without a sustained volatility surge. 

Softer US Inflation Limits Pressure on Indian Markets 

The opening pressure was partly offset by developments in the United States. US July consumer prices increased only modestly, while weaker labour-market data from the previous week reduced expectations of an imminent Federal Reserve rate hike, according to Reuters. 

Softer US inflation and reduced expectations of immediate monetary tightening provided some relief, while Middle East uncertainty and crude oil concerns continued to weigh on the domestic market. 

At 11.71, India VIX remained only marginally different from its 11.69 previous close at the 10:00 IST reading. 

Nifty Tests 24,360 as India VIX Reaches 12.19 

The early market levels placed 24,360 among the key Nifty areas being watched during the session. Market commentary before the opening identified 24,360 as immediate support, followed by 24,250 as a more important support level. 

Nifty’s move towards approximately 24,364.3 brought the index close to the first level, while India VIX had reached an intraday high of 12.19. Equity prices weakened towards the monitored support area while volatility moved higher but remained within its early range. 

Expiry Positioning Adds to Early Market Movement 

The session also falls within a derivatives-expiry period, which can contribute to additional intraday price movement. Economic Times reported that the market was showing weakness with the Nifty below 24,350, while expiry-related volatility was being monitored. 

For India VIX, expiry-related positioning can influence option prices and, consequently, the volatility index. However, the opening data show that India VIX remained near 11.7 despite weaker benchmark indices and broad sectoral declines. 

August Seasonality Shows 10.39% Average Change 

The seasonality data show that India VIX has recorded positive returns in 12 out of 18 years during August. The month has recorded a maximum positive change of 68.84% in 2015, an average positive change of 18.10%, a maximum negative change of -11.26% in 2016, and an average negative change of -5.04%. The average change for August is 10.39%. 

The index’s 52-week high is 28.90, compared with a 52-week low of 8.72. The available returns data show 23.52%, while the current reading was 11.71. 

India VIX Technical Levels Put 12.10 in Focus 

The technical levels for Thursday place the Classic pivot point at 11.68, with resistance at 12.10, 12.52 and 12.94, and support at 11.26, 10.84 and 10.42. Fibonacci levels are 12.00, 12.20 and 12.52 on the upside and 11.36, 11.16 and 10.84 on the downside, with a pivot of 11.68. 

Camarilla levels place resistance at 11.77, 11.84 and 11.92, with support at 11.61, 11.54 and 11.46. The technical rating is NEUTRAL; the levels are calculated from the previous trading day’s price range. 

Opening Trade Shows Weakness Without A VIX Shock 

By 10:00 IST, Indian equities had opened weaker while India VIX remained close to 11.7. Middle East uncertainty and crude-related pressure weighed on the market, while softer US inflation and reduced expectations of an immediate Federal Reserve rate hike provided an offset. 

India VIX moved from 11.69 at the open to an early high of 12.19, before standing at 11.71 at 10:00 IST. The movement reflected intraday variation without a sustained surge in the volatility index. 

As of 10:00 IST on 13 August 2026, India VIX stood at 11.71, against a previous close of 11.69, while Nifty was around 24,364.3 and Sensex at 77,873.12. The opening session combined geopolitical and crude-related pressure with softer US inflation, while India VIX remained within its early 10.65-12.19 range. 

Source 

• https://www.nseindia.com/reports-indices-historical-vix