New Delhi, May 11 -- The Indian stock market witnessed a sharp selloff on Monday amid weakening investor sentiment. A sharp rebound in crude oil prices after hopes of a near-term peace deal in West Asia faded has also been a key market trigger.
At close, the Sensex was down 1,312.91 points or 1.70 percent at 76,015.28, while the Nifty declined 360.30 points or 1.49 percent to 23,815.85. Nearly 2,779 shares declined while 1,390 advanced.
Volatility remained elevated with India VIX rising 10.10 percent to 18.54.
Among the sectors, Nifty Consumer Durables was down 3.73pc, Realty down by 3.05pc, PSU Bank down by 2.52pc, Media down by 2.49pc and Auto was down 1.86pc. Bank Nifty crashed 1.6%, while the Financial Services index dropped 1.4pc.
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