New Delhi: Amid global coronavirus fears and crisis concerning Yes Bank, Indian stock markets fell sharply today with Sensex tanking nearly 1,200 points. Also Read - Why Mention Markaz COVID-19 Patients in Health Bulletin? Delhi Minority Panel Asks Health Secretary
The S&P BSE Sensex index plummeted as much as 1,372.52 points to hit 36,154.11 on the downside in the first few minutes of trade, and the broader NSE Nifty benchmark slumped to as low as 10,598.00, down 391.45 points from the previous close. Also Read - Maharashtra: DHFL Group Owners Flouted Lockdown Norms, Senior IPS Officer Sent on Leave
As per an NDTV report, the worst-hit stocks in percentage terms were ONGC, Vedanta, IndusInd Bank, Reliance Industries and Power Grid, down between 5.48 per cent and 9.04 per cent. On the other hand, Yes Bank and BPCL managed gains, up 17.34 per cent and 3.03 per cent at the time respectively. Also Read - Shaza Morani Tests Negative For COVID-19 as Sister Zoa Morani And Father Karim Morani Continue to be Treated at The Hospital
Meanwhile, Reliance Industries, HDFC Bank and TCS were the top drags on Sensex, together accounting for a loss of 450 points in the index.
The rupee also fell sharply against the US dollar today.
Not just India, stock markets around Asia also plunged on Monday on fears over the coronavirus and the dive in oil prices.
Global markets had already fallen heavily in recent weeks due to fears about the coronavirus, which claimed lives of more than 3500 people globally.