Sensex down 500pts, Nifty50 below 17K; All sectors bleed

Domestic markets opened lower on Monday, amid subdued global cues.

Key indices Nifty50 declined over 100 points to trade below 17,000 levels, whereas the S&P BSE Sensex lowered over 200 points to trade around 57,776 levels.

Broader markets, too, edged lower in trade as Nifty Midcap 100 and Nifty Smallcap 100 indices dropped up to 0.3 per cent. Volatility index, India VIX, meanwhile, jumped over 11 per cent.

All sectors drowned in the sea of red, with Nifty IT, Nifty Metal, Nifty PSU Bank, and Nifty Media indices declining over 1 per cent each.

Among individual stocks, shares of SJVN gained over 1 per cent after the company’s green energy subsidiary bagged a 200 megawatt solar project.

Besides, shares of Rail Vikas Nigam surged over 2 per cent after the company was selected as the lowest bidder for a project worth Rs 1,088.49 crore.