Santosh Meena, Head of Research at Swastika Investmart Ltd, mentioned that market participants had been sitting on the sidelines for the last few days, taking some profits ahead of the upcoming major event. He noted that foreign institutional investors (FIIs) were continuously selling in the market, contributing to a downward trend. Additionally, he pointed out that the India VIX had risen by 70 percent from its lows, which was creating uncertainty among traders and investors.
Sensex sinks 1100 pts intraday, Nifty breaks 22k on May 9: Key reasons here Business StandardStock market today: Investor's massive loss after market meltdown, Rs 7.34 lakh crore washed away as sensex plunges over 1,000 points ET NowSensex tumbles over 1,000 points, Nifty falls below 22k amid election uncertainties Business InsiderElection result anxiety roils stock market; investors lose more than Rs 7.5 lakh crore The New Indian ExpressInvestors lose Rs 7.34 lakh cr as Sensex tanks over 1,000 points Deccan ChronicleSensex tumbles over 1,000 points, Nifty falls below 22k amid election uncertainties Deccan HeraldSensex crashes 1062 points, Rs 7 lakh crore investor wealth eroded Lokmat TimesStock markets bleed on unabated FII outflows Bizz Buzz
