Mayhem In Market Indian Stock Market In Panic Mode India Vix At Record High Sensex Down By 850 Points 5 Lakh Market Cap Lost

Stock Market Crash: After three phases of voting in the Lok Sabha elections, the Indian stock market seems to be in panic mode. A huge decline is also being seen in the market in the session of Thursday 9 May 2024. Sensex has fallen by 800 points and Nifty by 270 points. Apart from the major indices of the market, due to selling in midcap and smallcap, mudcap and smallcap indices are also trading with huge decline. Nifty midcap index has fallen by more than 500 points. FMCG and energy sectors seem to have a big contribution in bringing down the stock market. Only auto sector stocks are rising.

India Vic at record high

India Vix, the index that measures market fluctuations, has reached its all-time high of 17.97. In today's session, India Vic fell by 5.21 percent and reached the level of 18.03. In the last 15 days, there has been a jump of 83 percent in India Vix, due to which the uneasiness among the investors in the stock market is increasing. On April 23, 2024, India Vix, also known as Volatility Index, was at the level of 9.85.

Investors got hurt

Due to this decline in the stock market, the market cap of shares listed on BSE has fallen to Rs 395.65 lakh crore, which was Rs 400.69 lakh crore in the last session. So far in today's session, investors have suffered a loss of Rs 5.04 lakh crore.