MARKET LIVE: India VIX up 7% as Sensex drops 750 pts; pharma stocks gain

LIVE market updates: The Indian benchmark indices added to their early gains and fell 1 per cent in Wednesday’s morning deals amid feeble global cues.

Among the headline indices, the S&P BSE Sensex fell 600 points, or 1 per cent, to 49,430 levels and the broader Nifty50 index gave up the 14,650-mark. ONGC, State Bank of India, ICICI Bank, and IndusInd Bank fell 1 per cent each.

Among other individual stocks, Rail Vikas Nigam fell over 7 per cent after the company said the government will sell up to 15 cent stake in the company through an offer for sale.

Meanwhile, Shares of Anupam Rasayan India made a weak debut at the bourses, listing at Rs 520 on the National Stock Exchange (NSE), a 6 per cent discount over its issue price of Rs 555 per share.

All the Nifty sectoral indices, barring Nifty FMCG index, traded in the red, with Nifty Metal index, down 1 per cent, bleeding the most.

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