Nifty below 24,700, Sensex down 600 points: FII selling, India surging One of the main causes of the market decline is VIX.

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Monday saw a fall in the stock benchmark indexes Sensex and Nifty due to negative trends in Asian markets, ongoing outflows of foreign funds, and significant selling at Kotak Mahindra Bank.
At approximately 1:35 p.m., the broader Nifty slipped below the critical 24,700-mark to 24,668.35, down 168.65 points or 0.68 percent, while the Sensex slid 578.21 points or 0.71 percent to 80,884.88.

Among the biggest laggards, Kotak Mahindra Bank, Bharat Electronics, Bharti Airtel, Titan, and Apollo Hospitals Enterprise saw intraday declines of up to 7%.

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