Stock Market Highlights: Sensex ends 954 pts lower and Nifty slides to 17,022 amid market sell-off — bumper listing for Harsha Engineers

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 slumped to two-month closing lows on Monday tracking weakness across global markets, as concerns persisted among investors about steep hikes in COVID-era interest rates and strength of the world economy. Losses in financial, oil & gas and auto shares pulled the headline indices lower though gains in IT stocks lent some support. Broader indices Nifty Midcap 100 and Nifty Smallcap 100 finished more than three percent each. The India VIX — known in market parlance as the fear index — rose 6.3 percent to settle at 21.9, its highest close since June 29. Harsha Engineers shares made a strong debut on bourses, shrugging off the overall weakness on Dalal Street.