MUMBAI : Sensex and nifty crashed to lower circuits in early trade following panic cues from global stocks triggered by virus fears. Trading has been halted for 1 hour following the historic fall.
Yesterday equities plummeted worldwide after World Health Organisation declared the new coronavirus a pandemic, adding to fears of global economic recession.
Covid-19 infection cases have risen drastically outside China hurting major economies and disrupting supply chains. The virus has spread to almost 127 countries, killing 4,630 people so far and leaving 1,26,136 infected so far.
In India, number of confirmed cases rose to 73 on Thursday, of which 56 cases were citizens and 17 foreigners. The country’s first death from corona virus was reported last night.
As of now, the 30-share index BSE Sensex has hit fresh 52-week low. The 50-share index ,Nifty, fell 966 points to 9624 while Sensex crashed to 32,493 at 9.25 am. Today’s free fall like for other equity markets marks the worst day for domestic markets in decades.
