India VIX jumps 68% in three weeks despite 7% rally in Sensex, Nifty

India VIX, which measures market volatility, has risen by 68% over the last three weeks. This increase occurred as benchmark indices, like Sensex and Nifty, gained over 7%. Meanwhile, broader market indices, BSE MidCap 150 and BSE SmallCap 250, experienced declines of 3% and 4.6%, respectively. Market experts note that volatility can rise during rapid price increases as well.