Sensex Today: Sensex Crashes 2,713 points as coronavirus continues to spread; Nifty ends below 9,200 | India Business News

NEW DELHI: In a highly volatile trading session, equity indices on Monday plunged as the deadly coronavirus continued to spread further. The benchmark BSE sensex crashed 2,713 points or 7.96 per cent to close at 31,390; while the broader NSE Nifty moved 758 points or 7.61 per cent lower to 9,197.
This is the second biggest single-day fall of sensex in absolute terms after the 2,919-point plunge on March 12.
Major laggards in the BSE pack include IndusInd Bank, ICICI Bank, Axis Bank, Bajaj Finance, HDFC and Titan with their shares down as much as 10.45 per cent. All the 30 stocks in BSE index finished in red.
On NSE, all the sub-indices were trading in red with Nifty Media, Metal and Realty down as much as 8.91 per cent.
Last week, sensex had plummeted 3,473 points or 9.24 per cent while the NSE Nifty lost 1,034 points or 9.41 per cent, largely in tandem with global equities which succumbed to panic selling triggered by the coronavirus outbreak.
Domestic markets witnessed a roller-coaster session on Friday, with trading being halted for the first time in 12 years as benchmarks plunged over 10 per cent in opening trade, before staging a record-shattering comeback.
Analysts have said that participants would keep an eye on the spread of the coronavirus.
On the global front, stocks and the US dollar were roiled after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap dollars to break a logjam in global lending markets.
Italy recorded its biggest daily death toll from the novel coronavirus, which has now claimed over 6,000 lives worldwide, forcing European governments to further tighten controls.
Meanwhile, the Indian rupee plunged 45 paise to 74.20 against US dollar in early trade tracking weak opening in domestic equities and sustained foreign fund outflows.
Forex traders said investors are on tenterhooks amid mounting fears of a coronavirus-led economic slowdown, even after the Reserve Bank of India (RBI) stepped in to maintain sufficient liquidity in the panick-stricken currency market.
The RBI had announced measures to infuse liquidity in the foreign exchange market, including the US dollar swaps worth $2 billion.
(With agency inputs)

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