India VIX, a gauge for market's short term expectation of volatility lost 4.40% at 27.35 from its previous close of 28.61 on Monday. The S&P CNX Nifty gained 31.10 points or 0.65% to settle at 4,809.45. The index touched high and low of 4,854.00 and 4,782.55 respectively. 32 stocks advanced against 18 declining ones on the index. (Provisional)