The Nifty 50 index dropped 93 points, or 0.9 percent, to close at 10,856
Heavy selling was witnessed across-the-board with India VIX, the volatility gauge, jumping nearly 14 per cent to hit a one-month high of 17.64.
After dropping about 400 points intra-day, Sensex ends with 100-point gain on reports that Centre is examining FPI concerns
Sensex, Nifty close at their lowest levels in five months
Analysts say there is more pain in store for the markets, as both global and domestic developments are likely to dent sentiment further
The BSE Sensex closed at 37,831 level, down 17 points, or 0.04%. The broader Nifty50, too, shed 19 points, or 0.17%, to settle at 11,252 levels.
Both the indices - Sensex and Nifty - posted their biggest single-day fall in two weeks, even as other global markets gained on hopes of an interest rate cut by the US Federal Reserve
ICICI Bank, YES Bank, and State Bank of India - each declining a per cent
FPI surcharge spooks indices; Sensex posts biggest fall in nine months
The Sensex ended the session at 39,452, a decline of 289 points or 0.73 per cent, while the Nifty fell 91 points to end the session at 11,823.30
Nineteen stocks in the Sensex pack fell
Only 13 Sensex components outperformed the index gain of 3.75 per cent
Only seven companies survive from the original list
India is the first among markets valued at more than a $1 trillion to hit a peak this year
The Nifty50, too, breached the 11,700 level for the first time since September 2018 to hit an intra-day high of 11,716
A surge in foreign inflows, amid cooling off of US bond yields, is seen as the major reason behind the latest market surge
Stock markets may witness volatile sessions this week amid derivatives expiry, even as some investors are likely to remain on the sidelines ahead of the general elections beginning next month, say analysts. "Markets are likely to remain volatile for the week ahead as fresh triggers look weak going forward. Since the financial year is coming to an end, liquidity at least from the debt markets will seep out. "Some amount of redemption is likely to put pressure wherein domestic institutions are expected to remain net sellers," said Jimeet Modi, Founder & CEO, SAMCO Securities and StockNote. Lok Sabha elections are scheduled to be held in seven phases beginning April 11. "In the recent times, domestic market has taken a positive direction given probability of a stable government formation at the Centre and benign inflation. On the other hand, uncertainties over Brexit deal and delay in trade deal between US-China continue to impact global markets," said Vinod Nair, Head of Research, ..
Most global markets remained positive on Tuesday ahead of the US Federal Reserve's two-day meeting
The Sensex has now gained 14 per cent from its lows in October 2018
RIL, ICICI Bank, Axis Bank, HDFC Bank, Kotak Mahindra Bank, Bajaj Finance, and Asian Paints were up 6% to 20% from their respective September 14, 2018 levels