Corona effect: Sensex plunges 800 points |
Indian stock market indices plunged further on Monday with the benchmark BSE sensex sliding over 800 points amid a massive selloff on renewed fears of economic impact of the coronavirus outbreak. Some Investors had hoped that US President Donald Trump`s maiden India visit would cheer the markets but both the indexes traded in red throughout the day. Sensex tanked 807 points or 1.96 per cent to close at 40,363; while the broader NSE Nifty dived 242 points or 2.01 per cent to settle at 11,839. All the stocks finished with losses in the BSE pack with Infosys, Kotak and HDFC Bank sliding as much as 0.18 per cent. On NSE, all sub-indices also closed in red with Nifty Metal and Auto down as much as 5.36 percent. On the global front, shares skidded, oil prices sank and the price of gold surged as the number of people infected or killed by the viral outbreak that began in China surged, heaping more uncertainty on the economic outlook. The decline followed a selloff Friday on Wall Street and a weekend meeting in Saudi Arabia, of finance ministers and central bank chiefs of the Group of 20 (G20) major industrial economies where officials warned the outbreak that began in China is threatening to derail world growth.
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