India VIX, a gauge of volatility in the Indian stock markets, hovered around 11.08 in the afternoon on April 25, after falling to a 5-month low to below 10 on April 23. The VIX witnessed a sharp decline of around 22 per cent on Tuesday in one of its worst single-day falls in the stock market’s history. The index is currently trading close to its all-time lows, as per data. On Tuesday, the index settled 19.7 per cent lower at the 10.2 level.