Sensex tanks 392 points as coronavirus rattles global markets, Nifty plunges 119 points; Sun Pharma, Maruti Suzuki among top losers

Extending its losses for the fourth straight session, equity benchmark Sensex sank 392 points on Wednesday as fears about the financial strain from the coronavirus outbreak continued to rattle markets globally

Press Trust of India February 26, 2020 16:11:46 IST
Sensex tanks 392 points as coronavirus rattles global markets, Nifty plunges 119 points; Sun Pharma, Maruti Suzuki among top losers
  • After plunging over 521 points during the day, the 30-share BSE gauge finally settled 392.24 points, or 0.97 percent, lower at 39,888.96

  • Similarly, the broader NSE Nifty plummeted 119.40 points or 1.01 percent to end at 11,678.50

  • Sun Pharma was the top loser in the Sensex pack, followed by Maruti Suzuki, L&T, Hero Motocorp, Infosys, ONGC and RIL

Mumbai: Extending its losses for the fourth straight session, equity benchmark Sensex sank 392 points on Wednesday as fears about the financial strain from the coronavirus outbreak continued to rattle markets globally.

After plunging over 521 points during the day, the 30-share BSE gauge finally settled 392.24 points, or 0.97 percent, lower at 39,888.96.

Similarly, the broader NSE Nifty plummeted 119.40 points or 1.01 percent to end at 11,678.50.

Sun Pharma was the top loser in the Sensex pack, followed by Maruti Suzuki, L&T, Hero Motocorp, Infosys, ONGC and RIL.

On the other hand, SBI, HUL, HCL Tech, Asian Paints, and Ultratech Cement ended with gains.

According to traders, domestic stocks continued to fall tracking global selloff led by concerns over the rapid spread of coronavirus .

Sensex tanks 392 points as <span class=coronavirus rattles global markets Nifty plunges 119 points Sun Pharma Maruti Suzuki among top losers" width="380" height="285" class="size-full wp-image-5678251" />

Representational image. Reuters.

With cases being reported in new countries, market participants are growing increasingly fearful about the impact on the global economy, analysts said.

Bourses in Shanghai, Tokyo, Seoul and Hong Kong settled with significant losses.

Stock exchanges in Europe were trading on a negative note in their morning sessions.

Equities on Wall Street plunged in overnight trade after American health authorities said they ultimately expect the novel coronavirus to spread in the United States.

Brent crude oil futures fell 1.77 percent to $53.30 per barrel.

On the currency front, the Indian rupee appreciated by 21 paise to 71.64 per US dollar (intra-day).

Updated Date:

Subscribe to Moneycontrol Pro at ₹499 for the first year. Use code PRO499. Limited period offer. *T&C apply

also read

Market roundup: Sensex reclaims 51,000 mark, Nifty above 15,000 level; banks, metals lead charge
Business

Market roundup: Sensex reclaims 51,000 mark, Nifty above 15,000 level; banks, metals lead charge

The top 5 gainers at the Bombay Stock Exchange were Bajaj Finsv, Reliance, Bajaj Finance, ICICI Bank and HDFC, while the top losers were Mahindra and Mahindra, Maruti, and Bajaj-Auto

Market roundup: Sensex falls to 49,099.99, Nifty settles at 14,529.15 amid sell-off before release of Dec GDP data
Business

Market roundup: Sensex falls to 49,099.99, Nifty settles at 14,529.15 amid sell-off before release of Dec GDP data

All the shares in the BSE Sensex closed in red on Friday with ONGC being the top loser, shedding 6.6 percent, followed by Mahindra & Mahindra, Bajaj Finserv, and Axis Bank

Stock Market roundup: Sensex surges 750 points, Nifty above 14,750; key stocks that moved most today
Business

Stock Market roundup: Sensex surges 750 points, Nifty above 14,750; key stocks that moved most today

The market began on a good note, gaining around 1.5 percent on the back of positive domestic data and auto sales number on the first day of March