India’s VIX Index Caps Longest Stretch of Gains in Three Months
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The benchmark gauge of India’s option costs climbed for a fifth day on increased demand for protection as investors awaited earnings from some of the nation’s largest companies.
The India VIX Index advanced 2.6 percent to 15.52 at the close in Mumbai, capping its longest rising streak in three months. The 50-stock CNX Nifty index fell 0.5 percent to 8,589.80 from a three-month high.