VIX Below 11 as FII Selling Deepens — Calm Surface, Rotting Breadth
India VIX compressed to near-term lows even as foreign investors pulled their heaviest single-day cash in a week and large-cap breadth collapsed. The quiet tape is borrowed, not earned.
Nifty snapped its winning streak today, and the damage ran deeper than the index line suggests. India VIX closed at 10.9975, its lowest reading in eight sessions — the kind of number that usually accompanies a comfortable, broad rally. It didn't. Nifty 50 managed just 15 advances against 35 declines. FIIs sold 3809.99 crore in cash markets, their sharpest daily outflow in the five-day window, while DIIs countered with 4120.07 crore of buying. The index didn't crash, but underneath it, very little worked.
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Behind the gate: full narrative · India VIX · FII/DII flows · sector heat · View Evidence