Opening Bell: Markets open in red; power, utilities and IT indices gain up to 2 per cent Opening Bell: Markets open in red; power, utilities and IT indices gain up to 2 per cent India VIX, the fear gauge of domestic markets, was seen moving higher on Tuesday to 36 levels. Shreya Chaware / Tuesday, March 8, 2022 / Article rating: 5.0 The Indian markets opened in the red as benchmarks declined in the opening trade, on the back of developments related to the Russia-Ukraine war and soaring oil prices since the conflict started.