MARKET LIVE: Sensex tumbles 1,000 points; India VIX surges 11%

By | February 26, 2021

LIVE market updates: The Indian dropped nearly 2 per cent in Friday’s morning deals, tracking similar feeble trend in the global amid contnued sell-off in bond Volatility index, India VIX, meanwhile shot up 11 per cent.

The S&P tumbled 1,000 points and gave up 50,000 to hover around 49,980-mark. The index, meanwhile, fell below the 14,850 level. 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 2 per cent, bleeding the most.

The damage was relatively contained in the broader markets, where the S&P MidCap and SmallCap indices were trading 0.5 per cent and 0.3 per cent lower, respectively.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *