5 factors behind the market mayhem , Because of Coronavirus Sensex suffers worst one-day fall in history:
Sensex today fell nearly 1950 points in its worst one-day selloff in absolute points 5 factors behind the market mayhem , Because of Coronavirus Sensex suffers worst one-day fall in history Investors lose nearly ₹ 7 lakh crore on coronavirus fears as Sensex sees biggest one-day fall in absolute terms Rupee slips past 74 per US dollar on weak equities, coronavirus-led slowdown fears Indian markets suffered their worst single-day fall in absolute terms amid a global selloff as panic over the economic fallout of the coronavirus outbreak intensified. A 25% slump in oil prices also hit the risk sentiment. The NSE Nifty 50 index closed down 4.90% at 10,451.45. BSE Sensex ended 5.17% or 1,941 points lower at 35,634, wiping out nearly ₹ 7 lakh crore of investor wealth. The country's markets regulator, the Securities and Exchange Board of India, issued a statement on the market selloff, saying: "The perceived economic fallout from COVID-19 coupled with steep f...
