Pandemic on Dalal street as Sensex crashes by 3,090 points, trading halted for 45 minutes

WION Web Team
New Delhi, Delhi, India Updated: Mar 13, 2020, 10:43 AM(IST)

Sensex Photograph:( Reuters )

Story highlights

At 9:30 am, the S&P BSE Sensex was down over 3,090.62 points, or 9.43%, at 29,687.52 levels. The NSE Nifty too cracked 966.10 points, or 10.07%, to 8,624.05.

The domestic stock market continued to be in the bear phase with the BSE Sensex opening 2,400 points lower after the World Health Organization (WHO) declared coronavirus as a global pandemic. Broader Nifty opened 755.45 points lower on Friday. 

At 9:30 am, the S&P BSE Sensex was down over 3,090.62 points, or 9.43%, at 29,687.52 levels. The NSE Nifty too cracked 966.10 points, or 10.07%, to 8,624.05.

The stock market trading has been halted for 45 minutes for the first time since May 2008.

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Yesterday, the Indian equity markets witnessed their steepest one-day fall in absolute terms as risk-sentiment took a hit after the WHO declared the COVID-19 outbreak a global pandemic.

Meanwhile, the rupee hit a fresh record low of 74.48 against the US dollar following sharp sell-off in domestic equities and strength in the greenback against its major crosses.

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