Pandemic on Dalal street as Sensex crashes by 3,090 points, trading halted for 45 minutes
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At 9:30 am, the S&P BSE Sensex was down over 3,090.62 points, or 9.43%, at 29,687.52 levels. The NSE Nifty too cracked 966.10 points, or 10.07%, to 8,624.05.
The domestic stock market continued to be in the bear phase with the BSE Sensex opening 2,400 points lower after the World Health Organization (WHO) declared coronavirus as a global pandemic. Broader Nifty opened 755.45 points lower on Friday.
At 9:30 am, the S&P BSE Sensex was down over 3,090.62 points, or 9.43%, at 29,687.52 levels. The NSE Nifty too cracked 966.10 points, or 10.07%, to 8,624.05.
The stock market trading has been halted for 45 minutes for the first time since May 2008.
Global stocks, past 24 hours.
— The Spectator Index (@spectatorindex) March 12, 2020
Italy: -16.6%
Brazil: -14.7%
Spain: -14.6%
Canada: -12%
France: -12%
Germany: -12%
UK: -10.9%
US (Dow): -10%
Russia: -8.2%
India: -8.2%
Australia: -7.3%
Turkey: -7.2%
Indonesia: -5%
Japan: -4.4%
S Korea: -3.8%
HK: -3.6%
Saudi: -3%
China: -1.5%
Yesterday, the Indian equity markets witnessed their steepest one-day fall in absolute terms as risk-sentiment took a hit after the WHO declared the COVID-19 outbreak a global pandemic.
Meanwhile, the rupee hit a fresh record low of 74.48 against the US dollar following sharp sell-off in domestic equities and strength in the greenback against its major crosses.