Equity markets went on a free-fall on Thursday as investors pressed and held the ‘sell’ button after WHO declared the coronavirus outbreak a “pandemic”.
Mumbai| Indian markets underwent their biggest-ever crash on Thursday over coronavirus with the Sensex crashing more than 2,900 points in closing and the Nifty ending below 9,600-mark.
At closing, the Sensex was down 2,919.26 points or 8.18% at 32,778.14, while Nifty was down 868.25 points or 8.30% at 9,590.15.
The S&P BSE Sensex which ended the session 2,919 points lower at 32,778 dropped as low as 32,493.10, a two-year low. Index-heavyweights HDFC Bank (down 9%), Reliance Industries, and HDFC (down over 7%) contributed the most to the Sensex’s fall. Besides, State Bank of India, Axis Bank, ITC, and ONGC all slid over 13 per cent each.
Also Read: Sensex cracks over 300 points; Nifty below 11,700
The number of coronavirus patients in India has risen to 73 with 13 fresh cases, including nine from Maharashtra and one each from Delhi, Ladakh, and Uttar Pradesh as well as one foreign national, the Union Health Ministry has said.
Covid-19 has claimed over 4,200 lives and infected more than 117,330 people across 107 countries and territories.
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