India VIX Rises 2.37% to Close at 12.97 as IT Ro‌ut and Market Sel‌l-Of‌f Lift Volatility Gauge

Mu‌mba‌i, June 19: Indian‌ VIX finished higher on Fri‌‌day, 19 June 2026, as a steep decline in benchmark indices and heavy selling in IT stocks raised short-term volatility expectations. The volatility index of the National Stock Exchange (NSE) closed at 12.97, with gains of 0.30 or 2.37%, after reaching a peak of 13.64 in the day, which is the highest for the session.

The rise in India VIX ca‌‌me after Indian equity benchmark indexes snapped their five-session winning streak after market players sought protection against near-term price fluctuations due to weak domestic and global cues.

India Vix Rises to 13.64 as Market Decline Deepen

India VIX opened at 12.67, level unchanged from its previous close of 12.67 before witnessing heavy buying interest early in the session. The India VIX traded in a range between 12.07 and 13.64 before closing at 12.97.

Durin‌‌g the morning session, India VIX touched 13.28-13.33 after rising by about 5% and went on to gain further as losses were recorded across other market segments. The index was trading near 13.40 at around 2:03 pm, marking an increase of 5.72% from its previous session

Also Read: Understanding India VIX: What 15 vs 25 Means for Your Portfolio Risk in Plain Language

Despite Friday’s surge, India VIX continued to remain close to its lowest levels in nearly five months. The index had declined by almost 19% over the preceding eight trading sessions, retreating from approximately 15.60 to 12.67 before rebounding on Friday.

India VIX has gained 36.81% on a year-to-date basis and has advanced by around 42% over the past six months, even though it remains below its 52-week high of 28.90. The index touched a 52-week low of 8.72, while its historical low during 2023 stood at 8.18.

Sensex Drops 910 Points as Nifty Slips Below 24,000

The increase in volatility coincided with sharp losses in benchmark indices during the trading session. The Nifty 50 fell 1% to an intraday low of 23,924.90, breaching the psychologically significant 24,000 mark.

Meanwhile, the BSE Sensex declined by as much as 910.5 points, or 1.17%, during the day. Reports also indicated that the benchmark index traded lower by between 748 points and 910 points during various stages of the session.

The weakness extended to derivatives markets, with Nifty 30 June 2026 futures trading at 23,999.40, representing a premium of 29 points over the spot index.

India VIX, often referred to as the market’s fear gauge, measures expected volatility over the next 30 calendar days. It is calculated using the best bid and ask prices of Nifty option contracts and follows the methodology developed by the Chicago Board Options Exchange (CBOE), with modifications suited to the Nifty options order book.

IT Stocks Slide 6% After Accenture Earnings Shock

The biggest drag on market sentiment came from the information technology sector, which witnessed broad-based selling pressure.

The Nifty IT index declined by nearly 6% and traded at levels last seen in April 2023. The sell-off followed a steep overnight decline in shares of Accenture Plc, which plunged 17% after reporting quarterly earnings and issuing weaker guidance.

The weakness in global technology shares spilled over into domestic markets, leading to substantial declines among India’s major IT companies. Infosys fell 8%, Tata Consultancy Services (TCS) declined 5.8%, Tech Mahindra lost 4.4%, HCL Technologies slipped 3.8%, while Wipro was down 2.8%.

The correction in IT stocks emerged as the primary factor behind Friday’s increase in volatility expectations and contributed significantly to the decline in headline indices.

Foreign Selling and Global Weakness Add Pressure

Apart from sector-specific weakness, foreign institutional investors returned as net sellers after three consecutive sessions of buying activity.

Foreign investors sold equities worth ₹1,025 crore on Thursday, adding to concerns over near-term market stability.

Global sentiment also remained subdued, with several Asian markets witnessing losses. South Korea’s Kospi index and Hong Kong’s Hang Seng index each declined by close to 2%, weighing on regional risk appetite.

Profit booking also emerged after benchmark indices rallied by nearly 5% over the previous five trading sessions, prompting participants to reduce exposure following recent gains.

Crude Oil Rebounds as Middle East Uncertainty Persists

Energy markets remained in focus during Friday’s session as crude oil prices edged higher.

At the time of reporting, Brent crude oil was trading 0.84% higher at $79.82 per barrel, while West Texas Intermediate (WTI) crude gained 1.84% to $78.01 per barrel.

The rise in oil prices followed reports that shipping activity through the Strait of Hormuz was gradually normalising after a temporary understanding between the United States and Iran.

However, uncertainty resurfaced after Switzerland confirmed that talks between US and Iranian negotiators aimed at ending tensions in the Middle East would not proceed. Reports stated that US Vice President JD Vance had dropped plans to travel for the negotiations, keeping geopolitical concerns alive.

June Returns Stay Weak Despite Friday’s Recovery

Historical data suggests that June has generally been a weak month for India VIX. Over the past 18 years, the volatility index has delivered negative returns in 11 years during June. The average decline for the month stands at 7.52%.

The largest gain recorded in June was 9.45% in 2011, while the steepest decline was 43.90% in 2024. Average positive returns for the month have been 5.58%, whereas average negative returns stand at 15.85%.

Technical indicators currently classify India VIX as maintaining a neutral trend. Classical pivot calculations place resistance levels at 13.26, 13.86, and 14.49, while support levels are identified at 12.03, 11.40, and 10.80.

India VIX closed the session at 12.97, remaining within a range generally associated with relatively contained volatility, although Friday’s movement marked a shift away from the subdued readings seen earlier this month.

India VIX recorded its strongest intraday advance in several sessions on 19 June 2026, driven by weakness in IT shares, declining benchmark indices, foreign selling activity and lingering geopolitical uncertainties. Even after touching 13.64, the volatility gauge remained well below the elevated levels witnessed earlier in 2026, indicating that short-term risk expectations have risen but continue to stay below historical stress levels.

Source

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