Tuesday, April 6, 2021
Business

MARKET LIVE: Sensex tumbles 1,600 pts, Nifty below 14,700; India VIX up 27%

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LIVE market updates: The bears were firmly in control of the Indian on Friday as the benchmark indices dropped over 3 per cent in noon deals. Volatility index, India VIX, meanwhile shot up 27 per cent.

The S&P tumbled 1,600 points and gave up 50,000 to hover around 49,450-mark. The index hit an intra-day low of 49,191. The index, meanwhile, fell below the 14,600 level in intra-day deals. ICICI Bank, IndusInd Bank, and Axis Bank fell 3 per cent each and were the top laggards.

The Nifty sectoral indices were painted red, with the Nifty Bank index, down over 4 per cent, bleeding the most.



The damage was relatively contained in the broader markets, where the S&P MidCap and SmallCap indices were trading 2 per cent and 1 per cent lower, respectively.





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