Indian stocks suffer worst day
9
BENGALURU: Indian stocks on Monday recorded their worst single-day fall in more than four years, tracking global markets lower, as panic over the economic fallout of the coronavirus outbreak intensified and oil prices plummeted.
The NSE Nifty 50 index closed down 4.90 per cent at 10,451.45, its worst daily decline since August 2015. The benchmark S&P BSE Sensex ended 5.17pc lower at 35,634.95.
“Panic is an understatement,” said Manav Chopra, head of research for equity at Indiabulls Securities Ltd in Mumbai.
“Important support levels have been breached with ease in this environment,” he said of the Nifty 50.
Published in Dawn, March 10th, 2020
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Comments (9) Closed
Mar 10, 2020 09:24am
Get up again. Good luck. Just don't hurt the underprivileged and minorities.
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Mar 10, 2020 09:49am
@Fastrack, : But our market and every market in the planet crashed yesterday.. We are treating the minorities in the best possible way, still our market crashed..
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Mar 10, 2020 10:41am
World wide the stocks suffered, US NASDAQ stopped for 15 minutes as stocks plummeted 3%.
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Mar 10, 2020 10:42am
Why, the KSE hadn't any impact?
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Mar 10, 2020 10:56am
Sit tight, it happens and it’s temporary. Market fundamentals are all good here in NA, so the stocks have to come up again. Advice- HOLD.
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Mar 10, 2020 06:51pm
@citizen,
"Our"? Nice try.
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Mar 10, 2020 07:13pm
At least we have stocks and market to crash and recover.
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Mar 10, 2020 07:44pm
Did Pakistan's Stock market soar ???
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Mar 10, 2020 11:19pm
@simba,
No kidding?
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