India VIX Slips 3.44% to 15.23 as Volatility Eases Post-Month-End Derivatives Expiry

Mumbai, 4 November 2026: India VIX declined 0.54 points, or 3.44%, to 15.23 as of 3:44 PM IST on Wednesday, 4 November 2026. The volatility index recorded an intraday high of 16.14 and a low of 15.12, while its opening level and previous close stood at 15.72.

The decline came despite the index touching a higher level during the session, with its latest displayed reading remaining within the day’s trading range. India VIX also recorded a year-to-date return of 60.97%, according to the available index data.

India VIX Falls 0.54 Points to 15.23 After Touching 16.14 Intraday

India VIX registered a decline of 3.44% during Wednesday’s trading session, with the displayed index value at 15.23 at 3:44 PM IST. The index opened at 15.72, matching its previous closing level, before moving within an intraday range of 15.12–16.14. Its day high of 16.14 represented the highest level recorded during Wednesday’s session, while the low of 15.12 marked the bottom of its trading range.

The index’s displayed movement was a decline of 0.54 points, indicating a lower reading compared with the previous session. India VIX tracks the expected volatility of the Nifty 50 over the next 30 calendar days and is derived from Nifty options prices. Its movements reflect changes in the expected magnitude of market fluctuations rather than the direction of the underlying index.

The latest available reading of 15.23 placed India VIX above its 52-week low of 8.72 and below its 52-week high of 28.90. The index’s annual trading range therefore stood at 8.72–28.90, highlighting the difference between its lowest and highest recorded levels over the preceding 52 weeks.

India VIX Records 60.97% YTD Returns Despite Wednesday’s Decline

Despite falling during the 4 November session, India VIX continued to report a positive year-to-date return of 60.97%. This figure represents the index’s cumulative performance during the calendar year up to the date of the displayed market data.

The index’s 52-week range extended from 8.72 to 28.90, while its latest displayed level stood at 15.23. The difference between these levels provides the broader trading context for Wednesday’s movement.

The session’s decline of 3.44% followed an opening at 15.72, with the index subsequently moving between its intraday high and low before the latest reported reading. The available figures capture the day’s movement alongside the index’s wider annual performance.

November Seasonality Shows Negative Returns In 11 Of 18 Years

Historical seasonality data for India VIX showed that the index recorded negative returns in 11 out of 18 years during November. This represents the historical frequency of monthly declines over the 18-year period covered by the available data.

The seasonality figures also showed considerable variation in the index’s historical monthly movements. November’s maximum positive change was 21.46% in 2021, while the average positive change stood at 12.15%. On the downside, the maximum negative change was 19.92% in 2020, while the average negative change was 7.18%.

The overall average change for November stood at 0.34%. These figures indicate that although negative returns occurred more frequently than positive returns across the 18-year period, the average monthly change remained marginally positive.

The historical data also highlighted the difference between the strongest positive and negative November performances. The maximum positive movement of 21.46% in 2021 contrasted with the maximum negative movement of 19.92% in 2020, reflecting the variation in volatility-index performance across different years.

Technical Rating Remains Neutral With Pivot Point At 15.40

India VIX carried a Neutral technical rating in the daily technical assessment available on 4 November. The displayed technical section did not provide numerical readings for moving averages, technical indicators or moving-average crossovers.

The daily pivot-point assessment placed the classic central pivot at 15.40, with resistance levels at 16.54, 17.37 and 18.51, and support levels at 14.57, 13.43 and 12.60.

Under the Fibonacci method, the central pivot remained at 15.40. The resistance levels were 16.15, 16.61 and 17.37, while the support levels stood at 14.64, 14.18 and 13.43.

The Camarilla calculation also identified 15.40 as the central pivot point. Its resistance levels were 15.90, 16.08 and 16.26, while the support levels were 15.54, 15.36 and 15.18.

These pivot levels were calculated using the previous trading day’s price range and represented the technical reference levels provided in the index data.

India VIX declined 3.44% to 15.23 on 4 November 2026, after recording an intraday high of 16.14 and a low of 15.12. Its year-to-date return stood at 60.97%, while historical November data showed negative returns in 11 of 18 years. The daily technical rating remained Neutral, with the classic pivot point at 15.40.