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Sensex declines by 203 pts amid record volatility

IANS  |  Mumbai 

After Tuesday's advance, the key equity indices succumbed to selling pressure yet again as the Sensex shed over 200 points on Wednesday amid record

The 'fear index' or the 'VIX', indicators of the in the market, jumped to a 52-week high of 29.08 before settling at 28.6.

The lost 203 points or 0.55 per cent to 37,114.88 and the Nifty closed 65.05 points or 0.58 per cent lower.

The broader markets also ended lower. The mid-caps ended 0.67 per cent lower and the small-caps declined by 0.45 per cent.

"The market slid on profit booking despite an initial extension in yesterday's rally as investors remained watchful on global trade and liquidity squeeze by FIIs," said Vinod Nair, Head of Research,

"Rupee strengthened after RBI announced plans to conduct open market operation. predicted southwest monsoon to start from next month which will be a key trigger for consumption and rural economy," Nair added.

was the top loser among the Nifty50 stocks, declining over 8 per cent.

"Prices are in a bearish trend... due to concern over its balance sheet, asset quality, exposure to IL&FS, Directors and now RBI appointing an for two years," said Mustafa Nadeem, CEO,

--IANS

ravi/sn/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 15 2019. 17:22 IST
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