Nifty 50 breaks below 23K! Monthly expiry may keep volatility elevated
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty 50 fell below the 23,000 mark on Monday, closing at 22,780.25.
- ✓The index dropped 1.56 per cent as selling pressure hit major stocks like HDFC Bank and Reliance Industries.
- ✓With the India VIX rising 12.15 per cent, market volatility stayed high.
Story at a Glance
- Category
- MARKET
- Reported By
- Livemint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The Nifty 50 started Monday’s session with a gap-down opening and came under immediate selling pressure. Within the first 15 minutes of trade, the index slipped below the crucial psychological mark of 23,000 and remained under pressure throughout the session. It eventually ended the day at 22,780.25, declining 1.56 per cent and marking its lowest close since April 2.
Market breadth remained extremely weak, with only three stocks from the Nifty 50 index closing in positive territory. Heavyweights such as HDFC Bank, Reliance Industries, and ICICI Bank were among the major contributors to the decline, collectively dragging the index lower by around 135 points.
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