Over 1% slide on Nifty, Sensex: Experts’ view

The Nifty50 slipped below its crucial support level at 7,900 weighed down by losses in realty, power, oil & gas, metals and capital goods stocks. The India Volatility Index (VIX), a gauge of the market’s short-term expectation of volatility, expanded 11 per cent to 16.88 on Monday from 15.12 recorded in the previous session.