NSE's volatility index, or India VIX, hits its highest level since March 11, 2009, and is headed for a fourth consecutive session of gains ahead of exit poll results later in the day.
India VIX measures the cost of protection via options and is seen by some investors as a "fear" gauge.
The volatility index is up 3.6 per cent, adding to Tuesday's surge of 9.9 per cent., just as the Sensex and Nifty surge to record highs.
Copyright: Thomson Reuters 2014
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