New Delhi: A day after it was declared as a ‘pandemic’ by the World Health Organisation (WHO), coronavirus on Thursday continued to haunt markets across the world, with both Sensex and Nifty witnessing their single-day fall in absolute terms, both finishing over 8% lower today. Also Read - Terrible Thursday: Sensex Sinks Over 3,150 Points; Nifty Below 9,500 in Biggest Crash Ever
The Bombay Stock Exchange (BSE) Sensex witnessed its biggest one-day fall in absolute terms, slumping over 3,204.30 points during the day and eventually settling at 32,778.14, lower by 2,919.26 points or 8.18%. Nifty, meanwhile, fell 868.25 points or 8.30%, finishing the day at 9,590.15. Also Read - Markets in Red as Sensex Down by Over 2300 Points, Nifty at 15-Month Low | 10 Points
This also marked the first time in two years that Nifty ended a day below the key 10,000-mark. Also Read - Sensex Plunges 1,300 Points, Nifty Slips Below 10,600 Over Coronavirus Fears & Yes Bank Crisis
Thursday also witnessed all Sensex stocks ending in the ‘negative zone.’ Some of the major contributors to this fall were HDFC Bank and its ‘twin,’ the Housing Development Finance Corporation (HDFC), along with the likes of Reliance Industries Limited (RIL), ICICI Bank etc.
National Stock Exchange (NSE) stocks, too, didn’t fare any better, registering their respective 52-week low during the intraday trade. Canara Bank, Bank of Baroda (BoB), State Bank of India (SBI) etc. slipped as all NSE stocks ended the day in ‘red zone.’
The fall in global markets, meanwhile, came after US President Donald Trump’s announcement that all travel between the US and Europe, except the United Kingdom, for a period of 30 days, as he announced a slew of measures to contain the COVID-19 epidemic which has led to various governments across the world impose travel restrictions.