Indian stock market erased all morning gains to tumble into the deep red on Monday afternoon, with Sensex and Nifty tumbling 0.7% each as strong FII selling, Iran-US war uncertainties and other factors dampened investor sentiment.
Sensex tumbled around 508 points to close at 74,267, while Nifty 50 declined more than 165 points to end the session at 23,382. From their respective day’s highs, Sensex has fallen around 1,100 points, and Nifty has dropped 351 points. This came as India VIX, which measures volatility in markets, gained more than 2% to 16.54 in the afternoon.
