Sino-US trade war, PMI numbers: Five factors behind today's market fall

Volatility index, India VIX, saw a sharp surge of 27 per cent to 43.18 levels, suggesting heightened volatility in the markets.

After posting its best monthly performance in 11 years last week, the domestic equity market came under pressure on Monday -- the first trading day of May -- amid a series of disappointing developments.  

The benchmark S&P BSE Sensex plunged 2,002 points or nearly 6 per cent during the day with stocks such as HDFC Bank, HDFC, ICICI Bank, Infosys, and Axis Bank contributing the most to the index's fall. NSE's headline index, Nifty 50, dropped 566 points or nearly 6 per cent to 9,293.50 levels.

Volatility index, India VIX, saw a sharp surge of 28.7 per cent to 43.74