IGI Logo

The Sensex experienced a decline of 383.69 points, marking a 0.52 percent decrease, settling at 73,511.85, while the Nifty saw a downturn of 143.95 points, equating to a 0.62 percent drop, closing at 22,298.75. The midcap and smallcap segments experienced substantial declines, with both the BSE Midcap index and the BSE Smallcap index falling by nearly 2 percent during the session

Today's market downturn cannot be attributed to any major news akin to the preceding two trading sessions. Rather, it appears to stem from investor nervousness amid the ongoing general election outcome. This sentiment is reflected in the rising VIX, which climbed to 17 today, surpassing the crucial resistance zone of 16.5 to 17.

Given these circumstances, investors are advised to exercise caution and consider adjusting their positions to mitigate risk. After falling for the last three trading sessions, the range between 22,150 to 22,200 should serve as strong support, with potential stock and sector-specific movements likely.