Indian stock markets fell sharply on Monday, mirroring global declines following weak U.S. jobs data that raised recession fears. The Sensex dropped 2,037 points to 78,944, while the Nifty lost 661 points to 24,056. The India VIX, which measures market volatility, surged 50.42% to 22.90. The market capitalization of BSE-listed firms fell by Rs 17.03 lakh crore to Rs 440.13 lakh crore. This downturn reflects a broader global trend of declining indices, with the NASDAQ, S&P 500, and Dow Jones also slipping for the second consecutive session. The market volatility and substantial losses highlight increased risk and potential for continued declines.
Market crash: India VIX rises 60% as Sensex, Nifty plunge on US recession fears
