Sensex down 600pts, Nifty below 25,100; VIX leaps 9%; all sectors in red

Stock markets in India were trading with losses on Wednesday, extending the bloodbath that Indian equities witnessed on Tuesday.

Around 11:25 AM, BSE Sensex was trading 629.33 points or 0.77 per cent lower at 81,551.14. Likewise, Nifty50 was trading 0.68 per cent or 172.45 points lower at 25,060.05 levels.

The BSE Sensex was at 81,878 levles, down 302 points or 0.37 per cent, at 10 AM, while the Nifty50 was at 25,153, dropping 79 points or 0.31 per cent.

ICICI Bank, Trent, BEL, L&T, NTPC, Bharti Airtel, Power Grid, HCL Tech, TCS, Asian Paints, and SBI were exerting pressure on the benchmarks, with these shares falling up to 1 per cent.

On the contrary, Eternal, Sun Pharma, Ultratech Cement, Tech M, Tata Steel, ITC, M&M, Bajaj Finserv, HUL, Titan, and IndiGo were the top gainers today.

In the broader markets, the Nifty MidCap index fell 0.94 per cent, and the Nifty SmallCap index dipped 0.56 per cent.

Among sectors, the Nifty Metal index edged 0.3 per cent higher, followed by the Nifty Pharma index (0.27 per cent), and the Nifty PSU Bank index (0.17 per cent).

On the downside, the Nifty IT index declined 1 per cent, and the Nifty Realty index 0.8 per cent.

Meanwhile, stock markets in Asia continued to trade lower on Wednesday amid the US President Donald Trump’s threat to European nations over the Greenland issue. Japan’s Nikkei was down 0.35 per cent after bonds rebounded on Wednesday, a day after a steep selloff.

On Wall Street, stocks posted their worst session since April’s crash last year, according to Bloomberg, with volatility reaching its highest level since November of the previous year. The S&P 500 and the Nasdaq indices closed over 2 per cent lower.