MARKET LIVE: Sensex, Nifty trade lower in volatile session; India VIX up 7%

LIVE market updates: The Indian were trading lower in the late morning deals of Friday’s volatile session.

The S&P was trading at 50,700 levels, down 150 points. The index had earlier fallen to as low as 50,311. The broader index was trading below the 15,050-mark. IndusInd Bank and ICICI Bank fell 2 per cent each and were the top laggards.

The Nifty sectoral indices were trading largely in the red, with Nifty Bank index, down 1.4 per cent, bleeding the most.

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