For another consecutive day, domestic stock markets fell when the trading halted for 45 minutes, The Sensex froze at 29,687.52 which was down 9.43% or 3,090.62 points compared to the precious day. Whereas, the NSE NIFTY 50 benchmark was at more than three year low of 8,624.05, down 966.1 points or 10.07% from the previous close. The markets will resume shortly by 10:20 am.
Equities in other Asian markets went into a free-fall, with Japan’s Nikkei 225 index dropping 10 per cent, and heading for its worst week since the 2008 global financial crisis. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 2 per cent.
Analysts around the globe confirms the spread of the pandemic COVID 19 as the major reason behind the drastic fall of the economy.
On Thursday, the S&P BSE Sensex index had declined 2,919.26 points – 8.18 per cent – to end at 9,590.15, and the broader NSE Nifty benchmark fallen 868.25 points – or 8.30 per cent – to settle at 9,590.15, in their worst plunge ever in absolute terms.
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