Nifty, Sensex End At Three-Year Low; India VIX Highest Since 2008
The Indian rupee opened weaker, falling 0.35 percent to 74.16. against the US dollar.
Indian markets ended with major cuts, mirroring weak cues across Asia and Europe. The S&P BSE Sensex fell 7.96 percent to end at 31,390. This was the lowest level since 29 September, 2017.
All of the 30 constituents ended with losses, with 24 of them ending at a 52-week low. The NSE Nifty 50 Index too fell 7.6 percent to close at 9,197. These levels were last seen in April 2017.
Barring Yes Bank, all other 49 constituents of the index ended with cuts. All sectoral indices ended with losses, led by the Metals index, that closed with cuts of 8.9 percent.
Nifty Bank, Nifty IT & Nifty Realty were the other indices that ended with cuts of 8 percent or more. Advance decline was firmly in favour of the declines. 1,350 stocks ended with cuts while 224 stocks saw gains at the close of trade.
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