The Indian stock markets have witnessed heightened volatility over the past three months. The Nifty 50 Index had shot up by 1,000 points in July and August, to reach a new all-time high of 11,700 levels. The joy was short-lived, however, as the Nifty came crashing down by 1,500 points over the next 40 days to the 10,300 levels. The markets are back to the October 2017 levels and this year's gains have been totally erased.
The speed of this fall has led to some anxiety among investors. Volatility in the markets, as measured by the India VIX Index, has shot