The BSE Sensex plunged over 2,919 points on Thursday in its biggest one-day fall in absolute terms as the coronavirus pandemic wreaked havoc on global markets.
After nosediving over 3,204.30 points during the day, the 30-share index settled 2,919.26 points or 8.18% lower at 32,778.14.
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Likewise, the broader NSE Nifty gave up the 9,600 level, slumping 868.25 points or 8.30% to close at 9,590.15.
All Sensex components ended in the red. SBI was the top loser, followed by ONGC, Axis Bank, ITC, Titan, Bajaj Auto, TCS and IndusInd Bank.
Global markets reeled after the World Health Organization (WHO) termed the COVID-19 outbreak as a pandemic, and expressed deep concern over the “alarming levels of inaction”.
US President Donald Trump suspended all travel from Europe, excluding the U.K., to the U.S. for the next 30 days to stop the spread of the virus.