India VIX soars 30% as Sensex plummets 2,500 points; Nifty falls below 24,000

Indian stock markets experienced a sharp decline on Monday, with significant losses across major indices.

Market Overview:

• Sensex:
  • Opened down 2,393 points at 78,588.
  • Later recovered slightly, trading 1,713 points lower at 79,268.
• Nifty50:
  • Initially dropped 405 points to 24,302.
  • Fell further to 24,190, down 480 points or 1.95%.

Volatility:

• India VIX:
  • Increased by 29.71%, reflecting heightened market anxiety.

Additional Updates:

• Nifty:
  • Falls below the 24,000 mark, down 766 points.

Broader Market Performance:

• MidCap Index:
  • Dropped by 3%.
• SmallCap Index:
  • Fell by 3.72%.

Sector Performance:

• Nifty Realty:
  • Down by 5%, the steepest decline among sectors.
• Nifty Metal, Nifty Media, Nifty Auto:
  • Each dropped between 3-4%.

The overall market sentiment remains bearish as investors grapple with significant volatility and sector-wide declines.