Market declines for 7th day; Nifty settles below 24,500; VIX jumps over 2%

As per provisional closing data, the barometer index, the S&P BSE Sensex declined 241.30 points or 0.31% to 77,339.01. The Nifty 50 index lost 78.90 points or 0.34% to 23,453.80. The 50-unit index dropped 4.21% in seven consecutive trading sessions.