Indian vix calculation

How the indian vix is calculated ?
Is Indian vix is dependents on only Nifty 50 index ?
If Indian vix dependents on nifty 50 then there will new vix index for sensex :thinking:
@ShubhS9 #trading #futures-options

India VIX is a volatility index based on the index option prices of NIFTY and is computed using the best bid and ask quotes of the out-of-the-money near and mid-month NIFTY option contracts.

  • The index depicts the expected market volatility over the next 30 calendar days expressed in annualized terms.

If you are interested to know about the formula and the way it is computed, Check the below links by NSE

As Nifty and Sensex almost perform inline, there won’t be much of difference in the number. But, yeah, ideally, we should also have VIX for Sensex by BSE

What if the vix is computed on weekly option from monthly will this increase vix up above 15 ?

@Meher_Smaran Is VIX useful for option traders for placing any traders or mostly IV is used?

Would it make sense for anyone to monitor VIX for different indices like BANKNIFTY, FINNIFTY for supplementing their trading strategies?