Benchmarks correct for 4th day, Nifty ends below 22,000, VIX crosses 13 mark

Domestic equity market experienced significant volatility on Thursday, extending their losing streak to a fourth consecutive day. Despite mixed global cues, the indices opened higher and remained positive in the first half of the trading session. However, the afternoon saw a surge in volatility, leading to a decline in both indices by the closing bell. The Nifty 50 closed below the 22,000 level after reaching a high of 22,326.50 earlier in the day. The expiry of weekly index options on the NSE contributed to the market's volatility. Sectors such as healthcare, oil & gas, and FMCG corrected sharply.
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