Sensex slips below 79,000 mark for 1st time since April
Markets had a rough Friday: Sensex dropped almost 1,100 points to close at 78,919, slipping below the 79,000 mark for the first time since last April.
The fall was mainly due to rising tensions in West Asia and weak global cues.
Banking stocks especially struggled as foreign investors kept selling.
Nifty falls to lowest level since last April
Nifty followed suit, ending down by 315 points at 24,450.
Volatility spiked too: India VIX jumped 11%, showing just how jittery investors are right now.
Around ₹3.2 lakh crore in investor wealth vanished in a single day, and BSE's total market value is now at ₹449.7 lakh crore.
Foreign investors pulled out another more than ₹6,000 crore (nearly ₹21,600 crore in the last four sessions, about $2.4 billion), while crude oil prices shot up nearly 12% on global worries, making things even tougher for the markets.