Market mood
Today · updated 18:07
Is the market fearful or greedy right now? Nine readings, each scored against the last year, in one number, and checked against NIFTY's history back to 2007.
What makes up today's reading
| Reading | Score (0–100) |
|---|
| Volatility (India VIX) India VIX 15.58: nervous, higher than most of the year | 29 |
| NIFTY trend NIFTY +3.6% vs its 125-day average: stronger than usual | 96 |
| Advances vs declines 58% of stocks rose over 5 days: more than usual | 93 |
| Stocks above 200-day average 42% of stocks above their 200-day average: more than usual | 62 |
| New 52-week highs vs lows -9.0% net new 52-week highs over 5 days: more lows than usual | 39 |
| Stocks vs gold NIFTY +11.8% vs gold over 20 days: money favouring stocks | 100 |
| Put-call ratio (NIFTY options) Not enough history yet | – |
| Demand for protection (option skew) Not enough history yet | – |
| FII flows FII net bought ₹19,890 cr in 5 sessions: buying more than usual | 100 |
Each reading is scored by where today stands against the last 250 trading days: 100 = the most greedy level of the year, 0 = the most fearful. The mood is their average. Extreme greed or Extreme fear is called only after two sessions in a row in that zone. Readings with too little history yet (Put-call ratio (NIFTY options): since 2015; Demand for protection (option skew): since 2015) are left out until they have it.
What happened after extreme readings
NIFTY's move after each time the mood entered Extreme greed or Extreme fear.
| After | 1 week later | 1 month later | 3 months later |
|---|
| Extreme greed 64 times | +0.5% up 59% of the time | +1.3% up 67% of the time | +3.4% up 69% of the time |
| Extreme fear 74 times | +0.6% up 57% of the time | +0.3% up 57% of the time | +2.7% up 63% of the time |
Each time
| Date | Mood | NIFTY | 1 week | 1 month | 3 months |
|---|
| 3 Aug 2026 | 84 Extreme greed | 24,774 | -0.8% | -2.8% | -7.4% |
| 6 Jul 2026 | 79 Extreme greed | 24,430 | -0.9% | +1.4% | -7.0% |
| 19 Jun 2026 | 76 Extreme greed | 24,013 | -0.3% | +0.9% | -3.7% |
| 4 Mar 2026 | 5 Extreme fear | 24,481 | -2.5% | -6.2% | -4.3% |
| 21 Jan 2026 | 14 Extreme fear | 25,158 | +1.0% | +2.6% | -3.1% |
| 1 Jul 2025 | 75 Extreme greed | 25,542 | -0.1% | -2.8% | -2.5% |
| 11 Apr 2025 | 22 Extreme fear | 22,829 | +5.9% | +8.1% | +11.6% |
| 17 Mar 2025 | 21 Extreme fear | 22,509 | +5.1% | +6.0% | +10.8% |
| 11 Feb 2025 | 9 Extreme fear | 23,072 | -0.5% | -2.6% | +8.6% |
| 9 Jan 2025 | 15 Extreme fear | 23,527 | -0.9% | +0.7% | -5.8% |
| 23 Dec 2024 | 21 Extreme fear | 23,753 | -0.5% | -3.1% | -3.6% |
| 11 Nov 2024 | 23 Extreme fear | 24,141 | -2.6% | +2.1% | -1.8% |
Mood worked out back to 2 Mar 2007. Treat this as history, not a forecast: the market can stay fearful or greedy for weeks.
How each reading has lined up with NIFTY
NIFTY's average move one month later, on days when a reading was at its greediest (top fifth of its year) and its most fearful (bottom fifth).
| Reading | When greedy | When fearful |
|---|
| Volatility (India VIX) since 2007 | +0.5% up 61% · 1,288 days | +1.6% up 64% · 888 days |
| NIFTY trend since 2007 | +1.7% up 63% · 1,014 days | +1.0% up 60% · 1,326 days |
| Advances vs declines since 2007 | +1.2% up 60% · 964 days | +0.6% up 60% · 1,012 days |
| Stocks above 200-day average since 2007 | +1.3% up 62% · 1,345 days | +0.6% up 59% · 1,515 days |
| New 52-week highs vs lows since 2007 | +1.6% up 63% · 1,315 days | +0.6% up 56% · 1,170 days |
| Stocks vs gold since 2007 | +2.0% up 68% · 951 days | +0.2% up 57% · 1,047 days |
| Put-call ratio (NIFTY options) since 2015 | +1.5% up 71% · 440 days | -0.0% up 50% · 262 days |
| Demand for protection (option skew) since 2015 | +0.6% up 60% · 261 days | +0.9% up 59% · 358 days |
| Market mood (all together) since 2007 | +1.4% up 59% · 380 days | +0.6% up 59% · 584 days |
In India, greedy readings have mostly been followed by better months than fearful ones: strength tends to carry on. Volatility is the exception: a high VIX has been followed by better months. The links are weak, so this describes the mood; it does not forecast. Not enough history yet for: FII flows.
From India VIX, NIFTY and gold daily closes, the daily prices of every NSE stock, NSE's daily F&O files and FII cash figures. Information only, not investment advice.
What does the market mood show?
Whether traders are acting fearful or greedy compared with the last year: 0 is the most fearful reading of the year, 100 the most greedy.
How do traders use it?
As context. In India since 2007, extreme greed has more often been followed by a rising NIFTY than extreme fear (strength tends to carry on), but the link is weak: it describes the mood; it does not predict the next move.
Why is a reading over 75 not called Extreme greed?
Extreme greed and Extreme fear are called only after two sessions in a row in that zone, so one wild day does not flip the label.
How often does it update?
Through the trading day from live prices; FII figures and option readings arrive each evening.