Stock Market Live: Sensex tanks 1,100pts from day’s high; all sectors bleed

Domestic markets wiped off opening gains and edged lower in Monday’s intra-day trade, weighed by losses in IndusInd Bank, Tata Motors, M&M, SBI, Infosys, Titan, among many others.

Key indices Nifty50 dropped nearly 200 points to near about 17,200 levels, whereas the S&P BSE Sensex slumped over 1,000 points from the day’s high of 59,511. The BSE index was now down 650 points at 58,500-odd levels.

Broader markets, too, were tepid as Nifty Midcap 100 and Nifty Smallcap 100 indices lowered up to 1 per cent. Volatility gauge, India VIX, meanwhile, jumped over 9 per cent.

Barring Nifty Metal index, which held marginal gains, all sectors nosedived in the sea of red. Nifty Media index was the worst hit as it slipped over 2 per cent.