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SENSEX (sort of the Dow Jones for India) sees largest single-day loss in history
https://economictimes.indiatimes.com/markets/stocks/news/rs-4-lakh-crore-gone-in-5-minutes-sensex-crashes-1000-points-nifty-below-11350/articleshow/74369519.cmsThere’s no stopping carnage on Dalal Street as coronavirus outbreak reaches US shores. Domestic investors were meek spectators on Friday morning, as a record point-wise plunge for US Dow Jones in overnight trade set stage for worst weekly fall for global markets since 2008.
Domestic stocks wiped Rs 5.53 lakh crore of investor wealth with the total market capitalisation of BSENSE -3.47 % falling below Rs 150 lakh crore mark as investor fret that fast-spreading virus will soon be listed as pandemic, which would have a far-reaching impact on the world economy.
The BSE Sensex settled 1,448.37 points, or 3.64 per cent, down at 38,297.29. NSE barometer Nifty fell 414.10 points or 3.56 per cent to 11,219.20. The BSE m-cap fell Rs 5.53 lakh crore to Rs 146.87 lakh crore.
Domestic stocks wiped Rs 5.53 lakh crore of investor wealth with the total market capitalisation of BSENSE -3.47 % falling below Rs 150 lakh crore mark as investor fret that fast-spreading virus will soon be listed as pandemic, which would have a far-reaching impact on the world economy.
The BSE Sensex settled 1,448.37 points, or 3.64 per cent, down at 38,297.29. NSE barometer Nifty fell 414.10 points or 3.56 per cent to 11,219.20. The BSE m-cap fell Rs 5.53 lakh crore to Rs 146.87 lakh crore.
This may be a double-whammy of coronavirus and India falling apart along sectarian lines. But it's been a rough week. The GDP numbers that came out today weren't much consolation: 4.7% annualized growth this quarter, compared to 6% a year ago.