The budget is approaching, which is expected to cause market irrationality, including spikes and increased volatility (VIX), due to heightened uncertainty.
"we have a big event coming up which is the budget so markets May behave a bit irrationally during budgets uh sometimes you know we do irrationally as in we can see some spikes the volatility can increase we call it as Vicks the volatility index increases typically during events which can increase the uncertainty"