Sensex crashes 1,000 points, Nifty below 11,350 as Coronavirus fears roil global markets

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All stocks on Sensex and Nifty were trading in the red after Wall Street logged its biggest one day drop in nine years on coronavirus fears

twitter-logo BusinessToday.In        Last Updated: February 28, 2020  | 09:41 IST

Benchmark indices Sensex and Nifty crashed in early trade today after Wall Street logged its biggest one day drop in nine years on coronavirus fears. All stocks on Sensex and Nifty were trading in the red. Here’s a look at the live updates of the market action today:

9:30 am: The Dow Jones Industrial Average lost 1,190.95 points, its largest one-day point drop in history, bringing its loss for the week to 3,225.77 points, or 11.1%. In Asia, Tokyo’s Nikkei 225 tumbled to 26,157.36 while the Shanghai Composite Exchange lost 2.9% to 2,904.92. Hong Kong’s Hang Seng lost 2.3% to 26,157.36. The Kospi in Seoul fell 2.2% to 2,007.89 and Sydney’s S&P-ASX 200 sank 2.3% to 6,502.6. New Zealand and Southeast Asian markets also retreated.

9: 19 am : UltraTech Cement (0.38%), Hero MotoCorp (0.48%) and Titan (0.55%) were the top Sensex losers .

9: 18 am: On Thursday, BSE 30-share S&P Sensex closed 143 points lower at 39,745 and NSE 50-share index Nifty50 closed 45 points lower to 11,633.

9: 17 am: Mid cap and small cap indices were trading 384 points and 388 points lower in early trade.

9: 16 am : Market breadth was negative with 113 stocks trading higher compared to 1028 falling on BSE.

9:15 am : Sensex falls 1,000 points to 38,739 with all components in the red, Nifty lost 290 points to 11,343 in early trade.





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