The S&P BSE Sensex today tumbled 2,713 points or nearly 8 per cent to end the session at 31,390 levels. All the 30 constituents of the index ended in the red. IndusInd Bank bled the most – down 18 per cent to Rs 658, followed by Tata Steel (down over 10 per cent), HDFC (down over 10 per cent), and ICICI Bank (down 10 per cent).
All the sectoral indices ended with deep cuts. Nifty Bank index tumbled 2,087.50 points or over 8 per cent to 23,079 levels while Nifty Metal cracked 9 per cent to 1,734 levels. Volatility index India VIX rallied 16 per cent to 59.74 levels.In the broader market, the S&P BSE MidCap declined 6 per cent to 11,889 levels while the S&P BSE SmallCap index lost 666 points or 5.66 per cent to 11,095.
Nifty50 closed lower at 9197.40 level, -757.80 points, or -7.61 per cent. Nifty Support : 8900 and 8700 Resistance : 9300 and 9500.
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