Sensex slumps over 850 points: 7 key factors behind Rs 5 lakh crore rout
This came as India VIX, which measures volatility in the market, jumped more than 4% to 14.08.The broader markets also extended sharp losses, with Nifty Smallcap 100 and Nifty Midcap 100 indices trading lower. Sectorally, Nifty Auto, Nifty Metal and Nifty Realty, along with a few others, fell around 1% each. These attacks sparked worries that the Bab el-Mandeb shipping route could be closed.
- ▪This came as India VIX, which measures volatility in the market, jumped more than 4% to 14.08.The broader markets also extended sharp losses, with Nifty Smallcap 100 and Nifty Midcap 100 indices trading lower.
- ▪Sectorally, Nifty Auto, Nifty Metal and Nifty Realty, along with a few others, fell around 1% each.
- ▪These attacks sparked worries that the Bab el-Mandeb shipping route could be closed.
Economic Times files mainly under business. We currently carry 4 of its stories.
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Listen to this article in summarized format Listen Loading...×× Subscribe to Unlock AI Briefing and Premium ContentNew Year Offer 24 Hours LeftSubscribe NowAlready a member? Sign InWhat's IncludedExclusive StoriesDaily ePaper AccessSmart Market ToolsCurated Investment IdeasAd-lite Experience SubscriptionETMarkets.comThe overall market breadth was negative, with NSE seeing 1,847 advances and 673 declines, while 101 stocks remained unchanged.The Indian stock market extended sharp losses for the fifth consecutive session, with Sensex and Nifty tumbling more than 1% each on Friday as oil prices above $100 per barrel, FII selling and other factors spooked investors.
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