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Nifty 50 ends at 22,780.25 after falling below 23,000

The India VIX jumped 12.1% to 13.63, with implied volatility rising to 16.32.

Reported · Written up by our desk · Indices

India’s Nifty 50 fell below the 23,000 psychological level early Monday and stayed under selling pressure throughout the session, ending at 22,780.25. LiveMint Markets said the index declined 1.6% and recorded its lowest close since April 2.

Weak market breadth accompanied the drop, with only three Nifty 50 stocks closing higher. The outlet added that heavyweights including HDFC Bank, Reliance Industries, and ICICI Bank dragged the index down by about 135 points.

Volatility rose sharply as well, with the India VIX increasing 12.15% to 13.63. LiveMint Markets also noted that implied volatility moved up to 16.32, and the break below the 23,000 support zone formed a large bearish candle on the daily chart.

Latest closeVIX 14.87 ▼5.1%

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