Indian stock markets witnessed a significant decline today, with the benchmark indices plummeting. The Sensex dropped 2.10% or 1,769.19 points, closing at 82,497.10, while the Nifty ended the day down by 2.05%, losing 529.95 points to settle at 25,266.95. The selloff spread across broader indices as well, with the Midcap Nifty down by 2.41% and FINNIFTY sliding 2.39%.
Banking indices also suffered as Bank Nifty tumbled 2.01% while Bankex dropped 2.23%. Meanwhile, the India VIX, often referred to as the “fear gauge,” surged 9.42%, signaling rising market volatility.
The decline can be attributed to concerns over global economic conditions and escalating crude oil prices due to geopolitical tensions in the Middle East.
Disclaimer: Stock market investments are subject to market risks. Investors are advised to exercise caution and consult a financial advisor before making any investment decisions.
