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Market: Sensex down 550 points; India VIX climbs 9%; Adani Group shares fall

Live Market Updates: Increased inflation and concerns about the impact of the COVID-19 outbreak on economic prospects kept the indices under pressure on Monday.

Benchmark S&P BSE Sensex was trading 550 points lower at 52,491, while Nifty 50 started with a 155-point cut at 15,767. In the broader market, the BSE Midcap index was down 0.54 per cent and the Smallcap index was down 0.17 per cent.

All sector indices were trading in the red except Nifty Realty Index (up 0.11 per cent). The Nifty Bank index lost over 2 per cent.

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