Nifty tests 50-DMA but slips below 30-DMA. What technical indicators suggest

All 16 sectoral indices were significantly down, with Nifty Realty and Nifty Metal showing the poorest performance, both falling by over 4%. The market capitalization of all listed companies on the BSE dropped by Rs 17 lakh crore to Rs 440.16 lakh crore. The fear gauge India VIX surged by 59%, marking its largest spike since 2015.