Sensex today: Sensex tanks over 1,800 points as coronavirus cases rise; Nifty skids below 9,950 | India Business News


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NEW DELHI: Equity indices plunged further on Thursday with the benchmark BSE sensex falling over 1,800 points following a declaration that the coronavirus outbreak is now a pandemic.
Sensex tanked more than 5 per cent to hit a low of 33,876; while the broader NSE Nifty plummeted 520 points to 9,939.
Major laggards in the BSE pack include Tata Steel, Axis Bank, ONGC, SBI, Mahindra & Mahindra and Reliance Industries with their stocks sliding as much as 8.97 per cent.
On NSE, all the sub-indices witnessed heavy losses with Nifty Media, Metal and PSU Bank down as much as 7.63 per cent.
The World Health Organization (WHO) declared coronavirus (Covid-19) a pandemic as it claimed more than 4,200 lives across the globe.
According to analysts, equity benchmarks gave up most gains as nervousness heightened among investors amid rapidly increasing coronavirus cases in the country and mixed cues from global markets.
On a net basis, foreign institutional investors sold equities worth Rs 3,515.38 crore, while domestic institutional investors bought shares worth Rs 2,835.46 crore on Wednesday, data available with stock exchanges showed.
Global shares also crumbled after US President Donald Trump stunned investors by announcing a temporary travel ban from Europe in an effort to curb the spread of the coronavirus, threatening more disruptions to businesses and the world economy.
Meanwhile, the Indian rupee plunged 82 paise to 74.50 against US dollar in early trade.
(With agency inputs)
In Video:Coronavirus: Sensex tanks over 1,800 points over pandemic; Nifty skids below 9,950