India VIX, a volatility index, gained on Friday. The index is currently trading at 18.61, up 1.29% from 18.37. It witnessed a high of 19.15 and low of 17.09 after opening at 18.37 (at 11.33 pm).

Volatility Index is a measure of market's expectation of volatility over the near term. Volatility is often described as the ''rate and magnitude of changes in prices'' and in finance often referred to as risk.

India VIX is a volatility index based on the Nifty Index Option prices. From the best bid-ask prices of Nifty Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days.