India VIX Falls 3.99% to 14.68 as Crude Oil Eases and Nifty Opens Higher

Mumbai, 9 October 2026: India VIX fell 0.61 points, or 3.99%, to 14.68 as of 10:09 am IST on Friday, after opening at 15.27, compared with the previous close of 15.28. The index recorded an intraday low of 13.66 and a high of 15.27 during the reported period. The decline coincided with a recovery in Indian equities, easing crude oil prices and mixed signals from global markets following Thursday’s sell-off.

India VIX Falls 3.99% as Nifty Opens 0.65% Higher

India VIX, which measures the market’s expected volatility over the next 30 calendar days based on Nifty 50 options prices, declined to 14.68 in early trading on 9 October. The index opened at 15.27, marginally below its previous close of 15.28, before moving lower during the morning session.

The Nifty 50 opened at 22,376.65, gaining 144.85 points, or approximately 0.65%, while the BSE Sensex began trading at 72,016.18, up 422.94 points, or around 0.59%. The Nifty IT index also advanced approximately 2% in early trading, with technology stocks contributing to the recovery.

The opening gains followed a difficult session on Thursday, 8 October, when the Nifty 50 fell 1.64% to 22,231.80 and the Sensex declined 1.44% to 71,593.24. India VIX had risen amid concerns surrounding crude oil prices, currency weakness and interest-rate conditions.

Friday’s early decline in India VIX therefore coincided with a recovery in benchmark indices after the previous session’s losses. The latest reading represented a reduction in the volatility measure, although the index remained subject to changes in options prices throughout the trading session.

Crude Oil Retreats Below $104 After Thursday’s 4.1% Surge

Crude oil prices remained a significant development for Indian markets on 9 October. Brent crude retreated below $104 per barrel after rising approximately 4.1% on Thursday, amid renewed concerns about West Asian tensions and potential shipping disruptions around the Strait of Hormuz.

Oil prices subsequently eased following comments by United States President Donald Trump that the United States would not attack Iran ahead of the November midterm elections. The retreat in crude prices provided some relief after the previous session’s sharp increase.

India’s dependence on imported crude makes energy prices an important consideration for its financial markets. Higher oil prices can affect the import bill, inflation, currency conditions and operating costs across several industries. The latest decline in crude prices occurred alongside Friday’s recovery in Indian equities and the fall in India VIX.

However, crude remained above $100 per barrel in the reported trading period. The movement in oil prices was therefore a partial reversal of Thursday’s increase rather than a return to substantially lower energy prices.

Rupee Weakness and ₹12,943.58 Crore FII Selling Remain Relevant

Currency movements and foreign institutional investor (FII) activity formed part of the market backdrop entering Friday’s session. The Indian rupee had weakened towards ₹96.80 against the US dollar, amid elevated crude prices and concerns about the domestic economic outlook.

Foreign investors reportedly recorded net selling of approximately ₹12,943.58 crore on Thursday, 8 October. This outflow coincided with the decline in Indian equities during the previous session.

The rupee’s movement is relevant to India’s external payments, imported inflation and foreign portfolio returns. Changes in foreign investor activity can also influence trading conditions across Indian equities. However, the reported FII figure relates to Thursday and does not establish the direction of institutional flows during Friday’s opening session.

The currency and institutional-flow developments were part of the conditions prevailing as Indian markets opened on 9 October. No Friday early-session FII figure has been established in the supplied information.

RBI’s 5.5% Repo Rate Adds to the Existing Market Backdrop

The Reserve Bank of India (RBI) raised its repo rate by 25 basis points to 5.5% on 7 October, according to the information supplied. The decision and the possibility of further monetary tightening contributed to concerns surrounding Indian equities ahead of Friday’s session.

Interest-rate changes affect borrowing costs, financing conditions and the valuation of financial assets. Banking, property and other rate-sensitive sectors can be affected by changes in the expected path of monetary policy.

The RBI decision occurred on Wednesday, rather than on 9 October. It therefore forms part of the background to Friday’s trading session, not a new policy announcement during the opening period. No fresh RBI policy announcement on 9 October has been established in the supplied references.

TCS Results and a 2% IT Rally Support the Opening

Tata Consultancy Services (TCS) reported its quarterly results after the Indian market closed on Thursday, 8 October. The company recorded net profit of ₹13,884 crore and revenue of ₹73,188 crore. Its earnings before interest and tax (EBIT) margin stood at 24%, below the cited analyst estimate of 24.38%. TCS also announced an interim dividend of ₹12 per share.

The results were available before Friday’s opening and formed part of the corporate news entering the session. During early trading on 9 October, the Nifty IT index rose approximately 2%, while the broader Indian benchmarks also opened higher.

The technology-sector advance accompanied the decline in India VIX. However, the supplied figures do not establish how much of the index’s movement was attributable specifically to TCS results, the wider technology rally or other market developments.

Asian Markets Fall as US Technology Shares Face Pressure

Global markets presented a mixed picture ahead of the Indian opening. Early Asian trading reports showed the Nikkei 225 declining approximately 1.03%, the Shanghai Composite falling 0.70% and South Korea’s KOSPI dropping around 2.6%. Hong Kong’s Hang Seng moved higher, indicating that regional performance was not uniform.

In the United States, technology shares, including chipmakers and artificial-intelligence-related companies, faced pressure during Thursday’s trading session. Concerns about artificial-intelligence spending and its commercial returns formed part of the reported market backdrop.

These developments preceded the Indian opening and provided an international context for Friday’s trading. Despite weakness across several Asian indices and pressure on US technology shares, Indian benchmark indices opened higher, while India VIX declined to 14.68 by 10:09 am IST.

US Treasury Yields Ease as Precious Metals Receive Support

US Treasury yields also featured in the global market backdrop entering 9 October. Reports described yields falling across much of the Treasury curve during Thursday’s session, with Friday’s market commentary also pointing to some easing.

Lower US Treasury yields can affect global borrowing costs, currency movements and the relative attractiveness of financial assets. The US dollar and precious metals also featured in Friday’s market coverage, with gold and silver receiving support amid reports of a softer dollar and declining yields.

Gold, silver, Treasury yields and the US dollar are not direct measures of India VIX. Their movements nevertheless formed part of the wider international financial environment during the period under review. The supplied information does not establish a separate, quantified contribution from any of these factors to India VIX’s decline on Friday morning.

India VIX Trades Within A 13.66–15.27 Daily Range

As of 10:09 am IST on 9 October, India VIX stood at 14.68, down 0.61 points, or 3.99%. The reported opening level was 15.27, against a previous close of 15.28, while the day’s recorded range extended from 13.66 to 15.27.

The index’s 52-week range was 8.72–28.90, and its year-to-date return stood at 55.49%. Its technical rating was Neutral, according to the supplied market snapshot.

The October seasonality figures showed that India VIX had delivered positive returns in 9 of the 18 years covered. The maximum positive monthly change was 26.73% in 2020, while the maximum negative change was −30.99% in 2013. The average positive change was 11.60%, the average negative change was −13.66%, and the average October change was −1.03%.

These historical figures describe past movements and do not establish the cause of the current session’s decline.

India VIX declined 3.99% to 14.68 by 10:09 am IST on 9 October 2026, alongside gains in the Nifty 50 and Sensex. Easing crude prices, mixed Asian markets, currency weakness, foreign investor outflows and corporate earnings formed part of the reported market backdrop. The reading, daily range and historical statistics reflect the supplied snapshot and trading-period information.