Stock Market: On account of both FIIs and DIIs closely watching the Coronavirus impact in the US, the Indian indices trade tepid throughout the intraday trade session. The BSE Sensex went down 310 points and closed at 30,379 levels while the NSE Nifty index crashed 68 points and closed at 8,925 levels. Bank Nifty index dipped 430 points and closed at 19,057 levels.

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Speaking on the current stock market scenario Prakash Pandey, MD & CEO at Plutus Advisors said, "Much depends upon the US market perormance as the world economy hs become a global vilalge affair after WTO. Since, India is an integral part o the global economy, any nweakness in the Wall Street indeces can lead to crasah at Dalal Street also. Currently, Nifty has immediate support at 8,750 but it has strong support at 8,555. Till Nifty sustains above 8,555, any dip to this level should be seen as an opportunity to buy but one shoiuld keep booking profit after 6-7 per cent rise."

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Shares of SBI, HDFC Bank, Reliance Industries, Tata Motors, ITC, Bajaj Finance, Sun Pharma, Cipla, Hindustan Unilever and axis Bank were among the most trending stocks throughout the intraday trade session while shares of ICICI Bank, Housing Development Finance Corporation or HDFC anbd Bharti Airtel were among the most active stocks throughout the intraday trade session.

Banking and financial stocks received the maximum beating in the intraday trade session. Banking major HDFC Bank share price crashed 3.57 per cent, Kotak Mahindra Bank shares nosedived 6.23 per cent, shares of ICICI Bank went down 1.07 per cent while State Bank of India or SBI share price shed 0.68 per cent in the intraday trade. 

Among financial stocks; Bajaj Finance share price crashed 4.63 per cent, Bandhan Bank shares dipped 3.13 per cent, shares of Housing Development Finance Corporation Ltd or HDFC Ltd went down 3.61 per cent, ICICI Prudential Life Insurance Company stock price nosedived 3.91 per cent while Muthoot Finance stocks dipped 7.53 per cent.

Energy stocks also witnessed heavy selloff as the BSE Energy index went down near 2.25 per cent. Energy major and Sensex heavyweight Reliance Industries share price crashed 3.30 per cent, Petronet LNG shares dipped 3.87 per cent, shares of Gulf Oil Lubricants India went off around 2.5 per cent, GOCL Corporation stock price went southward 2.14 per cent while Deep Industries shares skyrocketed over 15 per cent in the intraday trade session.

Among the major Asian indices, the Japanese Nikkei 225 index shed 0.45 per cent, Hang seng went down 1.19 per cent whgile Shanghai market dipped 0.57 per cent.

Yesterday at Wall Street, Dow 30 scaled 2.39 per cent, Nasdaq rose 3.95 per cent, SmallCap 2000 went up 2.07 per cent, S&P 500 added 3.06 per cent while S&P 500 VIX surgted 8.32 per cent.