Benchmark indices drop over 3%, Sensex plunges over 1000 points, Nifty opens below 8400

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Mumbai : Benchmark indices plunge over 3% in the opening trade on fears of global financial meltdown due to the Coronavirus Pandemic.

The S&P BSE Sensex is down 1,044.28 points or 3.50% at 28771.31, and the NSE Nifty down 298.80 points or 3.45% at 8361.45. About 225 shares have advanced, 670 shares declined, and 67 shares are unchanged.

Among top losers in the NSE are IndusInd Bank (-10%), Bajaj Finance (-7.2%), ONGC (-6%).

Meanwhile, Indian rupee opened weaker by 33 paise at 75.18 per US Dollar against Friday’s close of 74.85.

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