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MARKETS: Sensex down 550 pts; India VIX soars 9%; Adani Group stocks tumble

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LIVE market updates: Concerns about the impact of elevated inflation and Covid-19 outbreaks on economic prospects kept indices under pressure on Monday. 

The benchmark declined 550 points to trade at 52,491 levels while the Nifty50 started with a 155-pts cut at 15,767. In the broader market, the BSE MidCap index slipped 0.54 per cent while the SmallCap index was down 0.17 per cent.

All sectoal indices, barring the Nifty Realty index (up 0.11 per cent) were trading in the red. The Nifty bank index fell over 2 per cent.

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