SENSEX finally broke the important level of 40,000 and at the time of writing is at 39,818, down 0.26% from yesterday’s close. NIFTY is at 11,694, down 0.30% from yesterday’s close at the time of writing.
However, there is a slight inconsistency in the directional bias of the markets with the index NIFTY NEXT 50 in green and slightly up by 0.36%. Also, the fear index of India, INDIA VIX is in green and up by 3.62%.
Also, as per market-cap, the smallcaps are leading the decline with the index NIFTY SMALLCAP 50 down 1%.
Sector-wise too there is no saving grace with every sector in the red. Media and PSU banks stocks are leading the decline with the former down by about 1.5% and the latter down by 1%.
The least red sector is IT with its index being down 0.03%.
All in all, this Monday session was indeed a harbinger with the entire week so far destroying investor wealth at a great pace.