1. You Are At:
  2. English News
  3. Business
  4. Bloodbath on D-Street: Sensex marks worst fall in history, down 1,941 points; Nifty ends below 10,450

Bloodbath on D-Street: Sensex marks worst fall in history, down 1,941 points; Nifty ends below 10,450

The S&P BSE Sensex index plummeted as much as 2,366.26 points to hit 35,210.36. The broader NSE Nifty benchmark slumped to as low as 10,327.05 down by 662.4 points from the previous close.

India TV Business Desk India TV Business Desk
New Delhi Updated on: March 09, 2020 15:50 IST
Monday mayhem in markets (Photo taken at 1 pm)

Monday mayhem in markets (Photo taken at 1 pm)

The benchmark indices slumped more than 6 percent in their biggest single-day fall in at least 10 years on Monday, amid rising worries of economic impact due to the novel coronavirus. S&P BSE Sensex index plummeted as much as 2,366.26 points to hit 35,210.36. The broader NSE Nifty benchmark slumped to as low as 10,327.05 down by 662.4 points from the previous close. 

Sensex, Nifty in red: Latest Updates

  • Sensex marks worst fall in history; down 1,941 points, Nifty ends below 10,450
  • At 1,21 pm, Sensex traded 2,314,86 points, lower at 35,261. Nifty down 648.75 points at 10,340.70
  • The Nifty Metal index was the worst hit among NSE sectoral indices, down 5.9%. All the 15 index constituents were in the red, with losses led by NMDC, Vedanta Limited, Tata Steel, and Jindal Steel.
  • Indiabulls Housing Finance shares down 17%
  • RIL share price drops 9%
  • India VIX surges to 4-yr high
  • Sensex has recorded its sharpest intra-day fall since November 9, 2016
  • 10-yr Govt Bond Yield breaches 6%
  • At 1 pm, Sensex tanked more than 2000 points; Nifty hit a 15-month low
  • At 9.21 am, Sensex traded 1,139.71 points (3.3 percent) down at 36,436.91. Nifty, on the other hand, was 325.85 points lower (2.97 percent) at 10,663.60. 
  • Investor sentiments also turned weak amid the ongoing crisis at the Yes Bank. The bank's founder Rana Kapoor was arrested Sunday after hours of interrogation and searches in connection with a money-laundering probe.
  • ONGC was the top laggard in the Sensex pack, nosediving up to 11 per cent, followed by IndusInd Bank, RIL, PowerGrid, Tata Steel, L&T, SBI and Tech Mahindra. Sun Pharma was the sole gainer.
  • According to traders, investor sentiment took fresh beating as oil prices plunged nearly 30 per cent, adding to the heightened volatility in global markets amid concerns over the rapidly-spreading coronavirus. Incessant foreign fund outflow also spooked market participants, traders said.
  • Bourses in Shanghai dropped over 2.41 per cent, Hong Kong 3.53 per cent, Seoul 3.89 per cent and Tokyo cracked up to 5.65 per cent.
  • Global crude prices tanked after Saudi Arabia on Monday cut its price for April delivery by USD 4-6 a barrel to Asia and USD 7 to the United States, with Aramco selling its Arabian Light at an unprecedented USD 10.25 a barrel less than Brent to Europe, reports said.
  • Back home, the Yes Bank crisis has raised concerns over the stability of the country's banking system, adding to the woes of domestic investors, traders said.
  • The rupee, meanwhile, was trading flat at 73.89 against the US dollar in morning session. 

ALSO READ | Yes Bank shares tank over 55 per cent, Sensex down by almost 900 points

ALSO READ | Sensex ends 61 points higher; SBI spurts on Yes Bank stake buzz

Latest Business News

Write a comment