High volume of trading in Gujarat Gas amid gas price hike speculation

Substantial increase in trading volumes have been observed in Gujarat Gas Company Limited. The NSE in order to safeguard investors’ interest had written to the company. Gujarat Gas Company Limited has vide its letter inter-alia stated, "We request you to note that at present, in our opinion, the Company does not have any pending announcements/ information, which has a bearing on the price/ volume behavior of its Equity Shares on the Stock Exchanges." The Union cabinet’s forthcoming meeting to review the gas price issue is believed to be the reason behind the huge interest in Gujarat Gas stock. Oil minister Dharmendra Pradhan is to attend the cabinet meet amid gas price hike speculation.

NSE to launch its futures contracts on India VIX called 'NVIX' from February 26

 

National #Stock Exchange to launch its futures contracts on India VIX called 'NVIX' from February 26
— Doordarshan News (@DDNewsLive) February 18, 2014

Volatility Index is a measure of market’s expectation of volatility over the near term. Volatility is often described as the “rate and magnitude of changes in prices” and in finance often referred to as risk. Volatility Index is a measure, of the amount by which an underlying Index is expected to fluctuate, in the near term, (calculated as annualised volatility, denoted in percentage e.g. 20%) based on the order book of the underlying index options.

India VIX is a volatility index based on the NIFTY Index Option prices. From the best bid-ask prices of NIFTY Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days. India VIX uses the computation methodology of CBOE, with suitable amendments to adapt to the NIFTY options order book using cubic splines, etc.