Markets Lose Steam Despite Volatility Dip

Indian stock markets erased earlier gains, with Sensex and Nifty sliding into negative territory. The volatility index (VIX) fell, suggesting reduced short-term market fluctuations. While midcap stocks showed minor gains, small-cap indices stayed mostly flat. Realty stocks stood out with positive momentum, while some specific sectors faced mixed performance. Derivative markets reflected active options trading around key strike prices. Investors remain watchful amid shifting market dynamics and ongoing stock-specific movements.