Sensex, Nifty Fall Most In Three Weeks As Coronavirus Roils Global Markets
Sensex, Nifty Fall Most In Three Weeks As Coronavirus Roils Global Markets
Sensex and Nifty plunged the most since Budget day as spread of coronavirus to other countries outside China plagued the global market sentiment.
MarketWritten by Abhishek VasudevUpdated: February 24, 2020 03:44 pm IST
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Sensex, Nifty Fall Most In Three Weeks As Coronavirus Roils Global Markets
The S&P BSE Sensex and NSE Nifty 50 indexes plunged the most since Budget day as spread of coronavirus to other countries outside Mainland China plagued the global market sentiment. The Sensex slumped as much as 864 points at the day's lowest level and the Nifty 50 index touched an intraday low of 11,813. Concerns about global economic growth getting impacted by the rising number of coronavirus cases outside China badly hurt the market sentiment. The European markets, including CAC, DAX and FTSE, had crashed more than 3 per cent in early trades. And the Dow futures slid by over 600 points or 3 per cent in pre-market trades.
The Sensex plunged 807 points or 2 per cent to close at 40,363 and the Nifty 50 index dropped 251 points or 2 per cent to shut shop at 11,829.
Sensex Plunges 750 Points, Nifty Breaches 11,900; Metals, Autos Lead Decline
Sensex Plunges 750 Points, Nifty Breaches 11,900; Metals, Autos Lead Decline
AK Prabhakar, Head of Research, IDBI Capital, said, "There is global selloff as the coronavirus is affecting travel and business worldwide. Coronavirus is no longer restricted to China, but has spread to countries such as Italy, Iran and South Korea. It is a global business breakdown. Nifty can fall to 11,400-11,200 levels, he added.
Sensex and Nifty plunged the most since Budget day as spread of coronavirus to other countries outside China plagued the global market sentiment.
MarketWritten by Abhishek VasudevUpdated: February 24, 2020 03:44 pm IST
by TaboolaSponsored LinksSponsored
Spacious 3 BHK Apartments in Hyderabad @ 62.99 L Onwards (Provident Housing)
Global MBA degree from Australia and UK based universities. (upGrad)
Sensex, Nifty Fall Most In Three Weeks As Coronavirus Roils Global Markets
The S&P BSE Sensex and NSE Nifty 50 indexes plunged the most since Budget day as spread of coronavirus to other countries outside Mainland China plagued the global market sentiment. The Sensex slumped as much as 864 points at the day's lowest level and the Nifty 50 index touched an intraday low of 11,813. Concerns about global economic growth getting impacted by the rising number of coronavirus cases outside China badly hurt the market sentiment. The European markets, including CAC, DAX and FTSE, had crashed more than 3 per cent in early trades. And the Dow futures slid by over 600 points or 3 per cent in pre-market trades.
The Sensex plunged 807 points or 2 per cent to close at 40,363 and the Nifty 50 index dropped 251 points or 2 per cent to shut shop at 11,829.
Sensex Plunges 750 Points, Nifty Breaches 11,900; Metals, Autos Lead Decline
Sensex Plunges 750 Points, Nifty Breaches 11,900; Metals, Autos Lead Decline
AK Prabhakar, Head of Research, IDBI Capital, said, "There is global selloff as the coronavirus is affecting travel and business worldwide. Coronavirus is no longer restricted to China, but has spread to countries such as Italy, Iran and South Korea. It is a global business breakdown. Nifty can fall to 11,400-11,200 levels, he added.
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