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India's VIX Index Jumps to 15-Month High After GDP Disappoints

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The benchmark gauge of Indian option costs rose to a 15-month high as stocks slumped after data showing economic growth trailed estimates.

The VIX Index, a measure of demand for protection against equity-market swings, surged 16.8 percent to 28.72, its highest close since May 2014. The CNX Nifty index sank 2.3 percent to 7,785.85. The S&P BSE Sensex lost 2.2 percent to 25,696.44.