The BSE Sensex fell 1,821.27 points to trade at 33,876.13 in the opening session while Nifty slipped 470.35 points to trade at 9,988.05. This is the first time since March 26, 2018, that Nifty fell below the 10,000 mark.
Mumbai, March 12:
The equity market opened in red on Thursday with the blue-chip Nifty falling below 10,000 mark for the first time in two years and the BSE Sensex plunging over 1800 points. The crash comes on the heels of WHO declaring coronavirus outbreak a pandemic and US announcing a travel ban on Europe for 30 days.
Sensex fell 1,821.27 points to trade at 33,876.13 in the opening session while Nifty slipped 470.35 points to trade at 9,988.05. This is the first time since March 26, 2018, that Nifty dropped below the 10,000 mark.
All sectoral indices on the NSE were deep in the red, with losses led by Nifty Metal, Media, IT, and Bank.
The rupee plunged 82 paise to 74.50 against US dollar in early trade.
Global equity markets also crumbled after President Donald Trump announced that US will suspend all travel from Europe, barring the United Kingdom, for 30 days as he unveiled measures to contain the coronavirus pandemic.
Courtesy: Hindustan Times
