Benchmark indices continued hovering near the day s low in early afternoon trade. The Nifty index slipped below 14,300 level. Barring the Nifty FMCG index, all the sectoral indices on the NSE declined. At 12:20 IST, the barometer index, the S&P BSE Sensex, dropped 391.26 points or 0.80% at 48,643.41. The Nifty 50 index lost 136.40 points or 0.95% at 14,297.30.
In the broader market, the S&P BSE Mid-Cap index fell 1.90% while the S&P BSE Small-Cap index declined 1.82%.
The market breadth was very weak. On the BSE, 698 shares rose and 2,081 shares fell. A total of 141 shares were unchanged.
Derivatives:
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, jumped 4.03% to 24.98. The Nifty 28 January 2021 futures were trading at 14,305.40, at a premium of 8.10 point compared with the spot at 14,297.30.
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