The Sensex is up 3.1% for the quarter, coming within two percent of its lifetime high set in January 2015. Photo: MintMumbai: India’s attack on terrorist camps in Pakistan introduces a sobering note for financial markets closing out a blockbuster quarter. The India VIX Index surged 33% to 18.45, the most since August last year and higher than the one-month mean of 14. Sanjiv Shah, chief investment officer at wealth manager and adviser Sun GlobalInvestments Ltd, said the attacks may give these investors pause. Asia’s third-biggest economy expanded 7.1% in the quarter ended June 30 from a year earlier, the fastest among major economies.

Source: Mint September 29, 2016 16:52 UTC