Globally, around 119,four hundred confirmed conditions of Coronavirus have been described amid which around four,three hundred folks have succumbed to the virus. Wall Street shares plunged on Wednesday, with the Dow confirming a bear market place for the initially time due to the fact the fiscal crisis.
The Indian headline indices-Sensex and Nifty both of those slipped around eight per cent each and every in intra-day. The S&P BSE Sensex was down three,158 points, or eight.85 per cent, at 32,540 levels. HDFC Lender (down 7%) and Reliance Industries (down eight%) were the major contributors to the Sensex’s tumble right now. Other than, Mahindra & Mahindra, Axis Lender, and Condition Lender of India all tumbled around 10 per cent each and every.
The Nifty50 index opened underneath the crucial mark of 10,000 for the initially time since March 26, 2018 and was trading all around 9,580, down 883 points, or eight.forty five per cent. The index has now entered bear market place after falling around twenty per cent from the current substantial. All the Nifty sectoral indices were painted crimson.
In the broader market place, the S&P BSE MidCap index slumped 670 points, or 5 per cent, and the S&P BSE SmallCap was down 670 points, or 5.three per cent.