Bloodbath in Dalal Street : Sensex crashes 2500 points, Nifty 771 points, Investors lose Rs.10 lakh Crore
Biznextindia : Indian Stock markets fell sharply in line with global markets on Thursday after the Coronavirus was declared Pandemic by the World Health Organisation (WHO). While, the BSE Sensex plunged more than 2500 points to 33,158 points, NSE’s Nifty-50, dropped by 771 points to 9687.10 points till 11.15 am. The sharp fall in both the markets have estimated to be wiped out investor’s wealth about Rs. 8 lakh crore.
The World Health Organisation (WHO) on Wednesday declared COVID-19 as global pandemic urging world community to be united in the fight against the virus. Global corona virus death toll rises to 4373 with 118,000 positive cases in 109 countries. In view of the pandemic, the Indian government on Wednesday has suspended all tourist Visa’s till April 15. The United States has also banned all travels from Europe to the country for 30 days.
The carnage on Dalal Street eroded investor wealth worth Rs 10 lakh crore, taking the total m-cap to Rs 1,26,76,378.03 crore on the BSE at 11:30 am.