Updated Apr 13, 2021 | 08:42 IST The Nifty declined over 500 points to post the worst day since 26 February 2021 and closed near 14300. The Nifty Bank declined 5 percent to post the worst day since 23 March 2020. Trade setup for Indian markets Key Highlights Nifty Bank corrects 19% from life high, nears bear market territory Nifty Small & Midcap testing 50-DMA support Mumbai: The Nifty declined over 500 points to post the worst day since 26 February 2021 and closed near 14300. It tested the 100-day moving average for the first time since 19 June 2020 and closed below the rising trend line connecting the low of March & September of last year. India VIX gained over 15 percent & recorded the best day since 26 February this year.