Sensex falls over 500 points, Nifty drops to 24,100
Markets took a hit this Wednesday morning, with the Sensex dropping 526 points to 77,680 and Nifty falling by 150 points to just above 24,100.
This eroded recent gains from Tuesday and left investors feeling cautious.
Volatility is the name of the game right now
If you're tracking your investments or thinking about entering the market, this drop is a reminder of how quickly things can change.
Volatility is high right now (India VIX has climbed nearly 39% so far in March and has seen large intraday moves), which means prices could swing more than usual.
Foreign investors pulled out nearly ₹4,700 crore on Tuesday
A mix of global worries and local moves: Foreign investors pulled out nearly ₹4,700 crore on Tuesday as tensions in the Middle East pushed oil prices sharply higher. That raised fears about inflation at home.
The good news? Domestic investors stepped in with big buys and oil prices fell on Tuesday, helping steady things (for now).