Sensex plummets 3,000 points in early trade, trading closed for 1 hour (Photo Credit: File photo)
Trading resumed on BSE and NSE after it was closed following market bloodbath in the early session on Friday. The BSE sensex earlier plummeted 3,000 points hitting its 10 percent lower circuit limit at 29,687.52. Nifty also hit its lower circuit at 8,624.05, down by 10 percent or 966.10 points. The trading has been halted for 45 minutes.
According to latest updates, the carnage on Dalal Street wiped off nearly Rs 12 lakh crores in less than 15 minutes. Traders said that along with global selloff, continuous foreign fund outflows also weighed on investor sentiments.
Amid panic over coronavirus, Indian equity benchmarks suffered the biggest ever one-day plunge on Thusrday. After nosediving over 3,204.30 points on across-the-board selling, the 30-share BSE Sensex closed 2,919.26 points or 8.18 per cent lower at 32,778.14.
The market crash reflecting on Dalal Street translated into a loss of Rs 11,27,160.65 crore, taking the total market capitalisation (m-cap) to Rs 1,25,86,398.07 crore on the BSE.
On the global front, the Asian markets also nosedived as panic around coronavirus further dented the investor sentiment. Wall Street also tanked on Thursday after US president announced a travel ban for all European countries except Britain in the wake of coronavirus outbreak.
According to Business Standard report, Dow Jones Industrial average nosedived 2,352.33 points to 21,200.89 while Nasdaq Composite plummeted 750.25 points to reach 7,201.80.
(With PTI inputs)