After two weeks of gains, the bears once again took control of the D-Street in the week ended April 24 amid rising COVID-19 cases and delayed financial stimulus. The BSE Sensex corrected 0.83 percent during the week, while the Nifty50 lost 1.2 percent.
The carnage was worse in the broader markets as both BSE Midcap and BSE Smallcap index fell around 3 percent each.
Other factors that weighed on investor sentiment during the week include the possible extension of lockdown, closure of debt schemes by Franklin Templeton fund, and the sharp fall oil prices. However, the volatility cooled of with India VIX falling 8.15 percent from 42.59 to 39.11 levels on a weekly closing basis.
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