Manic market selloff: Sensex, Nifty plummet over 10 pct; trading halts for 45 mins
Equity benchmark Sensex plummeted over 3,200 points and the broader Nifty sank near 8,600 level, hitting their lower circuit limits, in opening session on Friday as coronavirus pandemic-led recession fears fuelled worldwide panic.
Bombay Stock Exchange
Stock exchanges have halted trading for 45 minutes.
Manic selling across the globe rendered stocks at multi-year lows.
Continuing its downward spiral, domestic BSE Sensex sank 3,213 points in early trade, plummeting 10.86 per cent to 29,564.58, which triggered the lower circuit limit. (Photo:Reuters)
National Stock Exchange
Frankfurt had its blackest day since 1989, the year the Berlin Wall fell, while Paris suffered its worst one-day loss on record.
Besides selloff in global equities, choppiness in international oil prices and depreciating rupee added to investor concerns, they added.
The rupee depreciated 13 paise to 74.41 per US dollar. (Photo:Reuters)
Brent crude oil futures dropped 0.90 per cent to USD 32.92 per barrel.
Further, incessant foreign fund outflow also spooked market participants, traders said.
Elsewhere in Asia, bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent. (Photo:Reuters)