Indices End Lower; Nifty Below 15,700; India VIX Climbs 3.8%

After opening firm in line with strong global cues, Indian benchmark indices ended in the red today. At the close, Sensex was down by 283 pts. at 52,306 while Nifty dropped by 86 pts. to close at 15687. Bank Nifty also traded in the red. India VIX, an indicator of volatility also climbed in today's session by 4% to 15.34 levels.

All of the Nifty sectoral indices barring auto traded in the red, with highest weakness to the tune of over 1 percent seen in the metal pack. The set of metal stocks which led to a pullback in the Nifty metal index are NMDC, SAIL, Adani Enterprises and APL Apollo Tubes among others.

Leading the set of top gainers on the Nifty were stocks like Maruti, Titan, Bajaj Finserv, ONGC and Hero Motocorp, while top losers during the day included Adani Ports, Wipro, Divis Lab, JSW Steel, Shree Cements.

HDFC Bank was in focus after the company said RBI's third party audit of the bank's IT system has been completed and the final decision is awaited.

United Breweries stock was also brought into focus after Heineken International Bhas bought an additional 15% equity in the company. Heineken received an open offer exemption from the markets regulator for buying an additional stake from Bangalore debt recovery tribunal.

Meanwhile, European markets at the time of writing this copy traded mixed with mild gains on the FTSE while DAX and CAC were trading with losses of up to 0.52%.

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