India’s Volatility Index surged over 10% on Thursday due to escalating India-Pakistan military conflict concerns, triggering a late sell-off in equities. The Sensex and Nifty both experienced declines, with the Nifty falling 140 points and the Sensex dropping 412 points. Heightened uncertainty among traders led to profit-taking, as the VIX jumped nearly 40% since April 15.
Rupee at risk? BOP pressure, oil shock and capital flows hold the key, says Rahul Bajoria
The Indian rupee faces potential weakening to 94 against the US dollar by mid-2026 due to rising oil prices and a widening current account deficit.