Sensex tanks 392 points as coronavirus rattles global markets

The broader NSE Nifty plummeted 119.40 points.

February 26, 2020 05:40 pm | Updated 05:43 pm IST - Mumbai

NEW DELHI: SENSEX DC
: PTI GRAPHICS(PTI2_26_2020_001011)

NEW DELHI: SENSEX DC : PTI GRAPHICS(PTI2_26_2020_001011)

Extending its losses for the fourth straight session, equity benchmark Sensex sank 392 points on Wednesday as fears about the financial strain from the coronavirus outbreak continued to rattle markets globally.

After plunging over 521 points during the day, the 30-share BSE gauge finally settled 392.24 points, or 0.97%, lower at 39,888.96.

Similarly, the broader NSE Nifty plummeted 119.40 points or 1.01% to end at 11,678.50.

Sun Pharma was the top loser in the Sensex pack, followed by Maruti, L&T, Hero Motocorp, Infosys, ONGC and RIL.

On the other hand, SBI, HUL, HCL Tech, Asian Paints, and Ultratech Cement ended with gains.

According to traders, domestic stocks continued to fall tracking global selloff led by concerns over the rapid spread of coronavirus.

With cases being reported in new countries, market participants are growing increasingly fearful about the impact on the global economy, analysts said.

Bourses in Shanghai, Tokyo, Seoul and Hong Kong settled with significant losses.

Stock exchanges in Europe were trading on a negative note in their morning sessions.

Equities on Wall Street plunged in overnight trade after American health authorities said they ultimately expect the novel coronavirus to spread in the United States.

Brent crude oil futures fell 1.77% to USD 53.30 per barrel.

On the currency front, the Indian rupee appreciated by 21 paise to 71.64 per US dollar (intra-day).

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.