On Monday, the BSE benchmark index, the Sensex, opened 84 points higher at 28,526, and touched a high of 28,539 in opening trades on the back of positive start by index heavyweight – Reliance Industries on the back of record profit. And finally ended with a huge loss of 556 points (2 percent) at 27,886. In the process, the BSE index has now shed a whopping 1,158 points (4 percent) in the last four trading sessions.
The NSE Nifty nose-dived below the 8,500-level in the midst of panic selling and touched a low of 8,423. The Nifty finally ended the day with a steep cut of 158 points (1.8 percent) at 8,448.
The India VIX (Volatility) index soared over 8 percent to 16.3.