Equity markets in India plunged today 21st April, following global trends, after US oil prices slipped below $0 a barrel in overnight trade. Further, US President Donald Trump's announcement that he would sign an executive order to temporarily suspend immigration into the US also impacted sentiment. Volatility index, India VIX, spiked 5 percent.
Among headline indices, the S&P BSE Sensex slipped 928 points, or 2.93 percent, to 30,720 levels and the Nifty50 index hovered around 9,000 levels. Tata Steel and IndusInd Bank (both down over 7%) were the top laggards in the Sensex pack. Besides, Infosys slipped 2 percent post-March quarter results while oil-related stocks like Reliance Industries (down 4%) were also under pressure.
All the Nifty sectoral indices were in the red, led by Nifty Metal index, down 5.8 percent