MARKET LIVE: Sensex crashes 1100 pts as coronavirus pandemic fears grow

Benchmark indices were trading extremely weak, down over 2 per cent, on Friday in line with a coronavirus-led sell-off in global markets.

Global share prices are headed for the worst week since the darkest days of the world financial crisis in 2008 as investors braced for the coronavirus to become a pandemic and rapidly spread around the world.
The S&P BSE Sensex was down 1,1111 points, or 2.8 per cent, at 38,630 levels after opening at over five-month low. Tech Mahindra (down 5%), Tata Steel, Tata Finance, and HCL Tech (all down 4%) were the top losers in the Sensex pack. All the constituents of the 30-pack index were in the red.
The broader Nifty50 index plunged 325 points, or 2.8 per cent, to 11,308 levels. All the Nifty sectoral indices were painted red. Nifty Metal, Nifty IT, and Nifty Realty indexes were trading with over 3 per cent cut each.
In the broader market, the S&P BSE MidCap index slid 426 per cent, and the S&P BSE SmallCap index was down 408 points, or 2.87 per cent. points, or 2.83 per cent, and the S&P BSE SmallCap index was down 408 points, or 2.87 per cent. Read More