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Indian Markets Tumble to 3-Month Lows
16 Sep
Summary
- Nifty 50 and BSE Sensex 30 indexes declined significantly.
- Capital Goods, Real Estate, and Power sectors led the losses.
- India VIX surged to a new one-month high, indicating rising volatility.
Indian equity markets closed lower on Tuesday, with the Nifty 50 index falling 1.19% to reach a three-month low. The BSE Sensex 30 index also saw a decline of 1.04%.
Losses were concentrated in the Capital Goods, Real Estate, and Power sectors. Several blue-chip technology stocks, however, bucked the trend. HCL Technologies Ltd. rose 4.47%, Infosys Ltd. added 3.70%, and Tata Consultancy Services Ltd. gained 2.79%.
Conversely, sectors like mining and manufacturing experienced significant drops. Bharat Electronics Ltd. plunged 4.79%, and Adani Enterprises Ltd. fell 4.18%. The India VIX, a key measure of market volatility, surged by 9.42% to 13.44, reaching a new one-month high, reflecting heightened investor caution.
