Nifty settles below 24,950; oil & gas shares drop; VIX rises 2%

As per provisional closing data, the barometer index, the S&P BSE Sensex, slipped 398.13 points or 0.49% to 81,523.16. The Nifty 50 index declined 122.65 points or 0.49% to 24,918.45.