Global sell-off: Investors lose Rs 1.2 trillion as Sensex drops 587 pts

• India VIX, a barometer of volatility, surges 8 percent as traders grow nervous
• Dishman Carbogen Amcis climbs 7 percent after Mukul Agarwal ups stake
• IPO watch: Tatva Chintan Pharma Chem subscribed 12.06x so far
• Listing pops: Clean Science gains 76 percent on the first day, GR Infra up 109 percent
• Realty, pharma stocks buck the trend, respective sectoral indices end in green

Among the blue-chip names, NTPC was the top gainer, rising 2.02 percent. BPCL, Divi’s Labs, Nestle India, Tata Consumer, Dr. Reddy’s Labs, Britannia, ITC, and Sun Pharma were other gainers.

HDFC Bank was the top loser in the Nifty pack, falling 3.28 percent. IndusInd Bank, HDFC Life Insurance, Axis Bank, HDFC, Hindalco, Adani Ports, ONGC, and Bajaj Finance were others that ended in the red.

Broader market indices ended mixed outperforming their headline peers. Nifty Smallcap gained 0.03 percent and Nifty Midcap fell 0.81 percent. Nifty 500, the broadest index on NSE, ended down 0.89 percent.

PI Industries, Bharat Electronics, JSW Energy, Rossari Biotech, Welspun India, and CDSL were top gainers from mid and smallcap indices, climbing in the range of 1-9 percent.

Adani Total Gas, L&T Financial Holdings, Vodafone Idea, Cyient, Just Dial, and IDFC were major losers from broader market space, falling in the range of 3-5 percent.

The sectoral matrix on the NSE was mixed. Nifty Private Bank was the top loser, down 2.03 percent. Nifty Financial Service and Nifty Metal were other losers. Nifty Realty was the top gainer, up 0.43 percent. Nifty Pharma advanced 0.24 percent.

Market breadth was in favour of gainers as 1,757 stocks ended in the green, while 1,571 names settled with cuts. As many as 520 securities hit 52-week highs, mostly from the smallcap space. Meanwhile, 29 names hit 52-week lows, mostly from the microcap space. About 620 stocks hit upper circuit limits and 225 lower circuit limits.

European markets were trading lower. London-based FTSE was down 2.09 percent while Paris and Frankfurt declined 2.10 percent and 2.02 percent, respectively. In Asia, all markets ended in the red.