This picture has been used for representation purpose

Coronavirus: Sensex plunges over 1,700 points, Nifty below 10,000

By IANS | Mumbai

Updated: 12 March, 2020 15:28 IST

It opened at the intra-day high of 34,472.50 and has so far touched a low of 33,876.13 points

The BSE Sensex plummeted over 1,700 points on Thursday tracking similar cues in the global markets after the World Health Organization (WHO) declared coronavirus as a global pandemic. All Asian indices also were trading in the red. WHO declared the disease a pandemic on Wednesday following which the Dow Jones Industrial Average also slumped significantly.

At 9.27 a.m., the Sensex was trading at 33,943.02, lower by 1754.38 or 4.91 per cent from its previous close of 35,697.40 It opened at the intra-day high of 34,472.50 and has so far touched a low of 33,876.13 points. The Nifty50 on the National Stock Exchange was trading at 9,938.80, lower by 519.60 points or 4.97 per cent from its previous close.

The bear run in both the global and domestic markets has continued off late on concerns of the coronavirus outbreak severely impacting the global economy. It has also raised calls for government intervention and support.

Central banks in several countries, including the US Federal Reserve have announced emergency rate cuts to boost sentiments. However, the concerns have only deepened in the past few days as the number of COVID-19 cases across the world has increased.

Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/ reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

First Published: 12 March, 2020 11:29 IST

No NCB Custody for Bharti Singh & Harsh Limbachiya says court | Mumbai Khabar

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy.