Sensex, Nifty 50 crack nearly 1% each; why is Indian stock market shaking?-Explained

May 7, 2024

1 minute read

The Indian stock market has been experiencing strong bouts of volatility in recent sessions, leaving investors perplexed. The India VIX index, which measures volatility in the Indian stock market, has surged nearly 35 per cent so far in May, following a meagre 0.30 per cent rise in April and a significant 18 per cent fall in March.

On Tuesday, May 7, after opening higher, Indian stock market benchmarks, the Sensex and the Nifty 50 soon fell almost a per cent each on an all-round selloff.

The selloff was deeper in the midcap and smallcap segments. The BSE Midcap index cracked over 2 per cent while the BSE Smallcap index fell nearly 2 per cent during the session.

The India VIX jumped nearly 6 per cent to 17.6 level.

Around 12:15 pm, the Sensex was 0.63 per cent down at 73,434 while the Nifty 50 was 0.70 per cent down at 22,285.

(More to come)

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