1-MIN READ

Sensex Sinks 3,934 Points as COVID-19 Lockdowns Spook Investors; Nifty Posts Worst Ever 1-day Crash

People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai on March 19, 2020. (File/PTI)

People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai on March 19, 2020. (File/PTI)

In the first hour of Monday's trade, benchmark indices cracked over 10%, triggering a 45-minute trading freeze as coronavirus-led lockdowns across the world stoked fears of a massive global recession.

  • News18.com Mumbai
  • Last Updated: March 23, 2020, 4:45 PM IST
Share this:

In its worst ever crash, the BSE Sensex plummeted 3,934.72 points or 13. 15 per cent to 25,981.24 on Monday after several Indian states announced lockdown following a spurt in the number of coronavirus cases.

Likewise, the NSE Nifty nosedives 1,135.20 points or 12.98 per cent to settle at 7,610.25.

In the first hour of Monday's trade, benchmark indices cracked over 10 per cent, triggering a 45-minute trading freeze as coronavirus-led lockdowns across the world stoked fears of a massive global recession.

Equities spiralled further lower after trading resumed around 1100 hours.

Global stocks too roiled after nations across the world announced lockdowns in an effort to mitigate the spread of Covid-19 pandemic, spiking fears of a mammoth global recession.

The rupee plummeted 90 paise against the US dollar to 76.10 during the day.

Axis Bank was the top loser in the Sensex pack, tanking over 28 per cent, followed by Bajaj Finance, IndusInd Bank, ICICI Bank, Maruti and L&T.

Indian benchmark indices followed the carnage in global equities as sentiments dampened further after global governments announced extensive lockdowns to curb the spread of Covid-19, trader said.

Stock exchanges in China, Hong Kong and South Korea plunged up to 5 per cent, while those in Japan ended on a positive note. Bourses in Europe sank up to 4 per cent.

Meanwhile, Brent crude oil futures dropped 5.30 per cent to USD 25.55 per barrel. The number of global Covid-19 infections has shot past 3,00,000. Worldwide fatalities topped 14,000.

Cases in India spiked to 415, according to Health Ministry log.

Share this:
Next Story

India

  • Active Cases

    5,709

     
  • Total Confirmed

    6,412

     
  • Cured/Discharged

    503

     
  • Total DEATHS

    199

     
Data Source: Ministry of Health and Family Welfare, India
Updated: April 10 (08:00 AM)
Hospitals & Testing centres

World

  • Active Cases

    1,152,963

     
  • Total Confirmed

    1,605,732

    +2,080
  • Cured/Discharged

    357,003

     
  • Total DEATHS

    95,766

    +74
Data Source: Johns Hopkins University, U.S. (www.jhu.edu)
Hospitals & Testing centres