Benchmark indices are not showing any sign of recovery, with the Sensex falling 1,053.92 points or 3.03 percent to 33,703.24 and the Nifty down 318.30 points or 2.98 percent at 10,348.20.
India VIX increased further, rising 32.11 percent to 21.2075, indicating too much volatility going ahead.
In Nifty50, not a single stock is trading in the green. HDFC Bank, HDFC, Reliance Industries, ICICI Bank, Tata Motors, ITC and L&T are top contributors to the fall, sinking 2.5-6 percent.
India’s gold demand grew by 9.1 percent to 727 tonne in 2017 due to low prices coinciding with Dhanteras, positive economic backdrop and improved consumer sentiment especially in rural areas, according to a World Gold Council (WGC) report.
The total demand stood at 666.1 tonnes in 2016, WGC said in its latest Gold Demand Trends report.
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