On Monday, the Sensex opened with a positive gap of 127 points at 27,565, but soon pared gains and slipped into red on the back of on-going weakness in the market. The BSE index tumbled to a low of 27,142, and finally ended with a loss of 261 points at 27,177 - its lowest level for this calendar year. The BSE index is now down almost 6.5 percent (1,867 points) in the last nine trading sessions.
The NSE Nifty plunged below the 200-DMA (Daily Moving Average) for the first time since February 2014. The NSE index dropped to a low of 8,202, and finally ended 91 points lower at 8,214.
The India VIX (Volatility) index was down 2 percent at 18.735.