Indian markets recorded sharp losses today, Monday, with record indicators dropping by 5%, to track global sales, amid fears that the outbreak of the Corona virus will affect economic activity significantly.
The main index "Sensex" of the Indian Stock Exchange, consisting of 30 shares, 1941.67 points, or 5.17%, to close today's trading at 356344.95 points.
The broader "SNBCNXNeftty" index fell 538 points, losing 4.9 percent of its value.
This is the worst fall in the day for the Sensex, since the move to withdraw the highest-order banknotes, which led to a 6% decline on November 9, 2016.
In addition to the prevailing panic caused by the Corona virus, the sharp decline in crude oil prices has caused a state of panic in the markets, analysts said to the local media.
Four new cases of coronavirus have been confirmed in India, bringing the total number of infections in the country to 43.
Indian markets record sharp losses
2020-03-09T13:52:42.386Z
The Indian market recorded sharp losses today, Monday, with the record indicators dropping by 5%, to track global sales, amid fears that the outbreak of the Corona virus will affect the economic activity significantly.
Source: emara