Market erases early losses, Nifty ends below 25,000 level

Volatility, measured by the India VIX index, spiked over 5 pc, but moderated to stand near 14.09, up 2 pc

- STATESMAN NEWS SERVICE

Indian stock market erased early losses but still ended lower by over half a percent on Monday with Nifty 50 index ending below the 25,000 level. Escalating geopolitical tensions in the Middle East weighed on equities.

At close, Sensex was down 511.38 points or 0.62 percent at 81,896.79, and the Nifty was down 140.50 points or 0.56 percent at 24,971.90.

The broader indices outperformed the main indices with BSE midcap index rising 0.2 percent and smallcap index adding 0.6 percent.

Overall market capitalization of BSE-listed firms remained largely unchanged at nearly ₹448 lakh crore.