Sensex crashes over 1,100 points amid global spread of coronavirus; Nifty below 11,300
NEW DELHI: Equity indices crashed on Friday with the benchmark BSE sensex plunging over 1,100 points amid rising concerns on global spread of coronavirus. Sensex dived 1,140 points or 2.87 per cent to 38,605; while the broader NSE Nifty cracked 348 points or 2.99 per cent to 11,285.
Hopes the coronavirus would be contained to China vanished as infections spread rapidly around the world, countries started stockpiling medical equipment and investors took flight in expectation of a global recession. There were concerns about how India would cope with a widespread outbreak.
Top losers in the BSE pack include Tata Steel, Tech Mahindra, Bajaj Finance, Infosys, Mahindra & Mahindra and ONGC with their stocks falling as much as 5.31 per cent. On NSE, all sub-indices were trading in red with Nifty Metal and Realty sliding as much as 4.07 per cent.
在BSE成分股中跌幅最大的包括塔塔钢铁(Tata Steel)、Tech Mahindra、Bajaj Finance、印孚瑟斯、Mahindra & Mahindra和ONGC，它们的股价跌幅高达5.31%。在印度国家证券交易所，所有分类指数都是红色，金属和房地产下跌4.07%。
Stocks wiped nearly Rs 5 lakh crore of investor wealth with the total market capitalisation of BSE listed companies falling below Rs 150 lakh crore-mark. This is the sixth straight slide in which investors lost around Rs 10 lakh crore so far.
The carnage in the equity market wiped out investor wealth worth Rs 4,65,915.58 crore, taking the total m-cap to Rs 1,47,74,108.50 crore on the BSE. The m-cap of BSE-listed companies stood at Rs 1,52,40,024.08 crore at the end of trading on Thursday.
“The coronavirus now looks like a pandemic. Markets can cope even if there is big risk as long as we can see the end of the tunnel,” Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities told news agency Reuters.
Investor sentiment also remained sluggish amid reports that GDP (gross domestic product) growth is likely to stay flat at 4.5 per cent in October-December 2019.
Further, relentless selling by foreign portfolio investors (FPIs) spooked retail investors, traders said.
According to provisional data available with stock exchanges, so far this week, FPIs have offloaded stocks worth a whopping Rs 6,812.57 crore on a net basis.
译文来源：三泰虎 http://www.santaihu.com/49409.html 译者：Jessica.Wu
BJP IT Cell Keeeda • 1 hour ago
Cov19 is just minor reason. Weak fundamentals and feku policy is the real reason. Even China did not see such crash.
aaaa bbbb • 1 hour ago
We don't fear Corona virus! We have cows and Sadvi praghya Thakur! She will tell touching which part of the cow will cure or prevent corona virus!.
SUBRATA • 1 hour ago
Sensex was propped up/weak earlier (Now down 1000 points) so the fear of recession due to coronavirus is partly true.
Hrv • 1 hour ago
Game plan of the Big Players. Within a day or two it will bounce back. It's all a ploy of these players to earn big.
Gaana User • 1 hour ago
Ultimately this corona virus has also effected sensex and we don't know how much more damages will be done in future due to this deadly corona virus. Let hope for the best.
Ashok Banakar • Bangalore, India • 1 hour ago
The crash of sensex is not only due to coronavirus but also mainly due to MODI-Virus which has already taken 40 tolls in Delhi and is spreading all over India in coming days due to negligence of the decease by Central Government.
First Modi and then coronavirus, Indian economy will suffer greatly.
Jawaharlal Nehru & Gandhi Family are the reason for the massive loss. Right Modiji ??
Arnab Gobarswami • 1 hour ago
Since Trump arrived in India, only bad stuff happening.
Ramesh • Bangalore • 59 mins ago
Even for this the Opposition members might blame Modi go nment.
Deepak Soni • 1 hour ago
It was expected and still worst to follow. The Indian economy on verge of total collapse under leadership of ignorant PM and the Finance Minister and bureaucrats in the Finance Ministry who are arrogant and ignorant and corrupt and have expertise in drawing rosy picture.
Siva K • USA
unless Modiji appoints a very good economist as Finance minister India has no futute.
Siva K • Chennai
Feku himself is a failure then what Finance minister does
Sunny Ahluwalia • 1 hour ago
Does India need Corona virus when our political system kills thousands every year.?
Ye Bharat Desh Hai • 1 hour ago
US $ going to be Rs 80 due to Delhi violence
Ashok • 1 hour ago
it seems the WW 3 has already begun. Corona virus is the first indefensible weapon.
AR • 1 hour ago
Chinese are real culprit
Ye Bharat Desh Hai • 1 hour ago
Delhi violence is the reason, not coronavirus
doshi jenisha • 1 hour ago
It did be due to Delhi violence effect.
Mujeeb Iqbal • 17 mins ago
If China sneezes, the whole world catches fever.
Gatothkach • India • 41 mins ago
Stock markets are manipulated. MFs and brokers with big money book their profits by sell offs. Then they buy these fallen shares again and sell them off again.
Shaik • Chennai • 49 mins ago
In India already summer started and no virus will sustain in this climate including Corona
Swapnil • 51 mins ago
Killing Eating Animals is a Sin. Had World Adopted Sanatan Dharma Hinduism Buddhism Jainism Nonviolence way of life such a catastrophy wouldn't have happened
Subbu India • Bengal • 1 hour ago
Recession fear was already there It is now increased after corona virus out break.
narasarao • Hyd • 1 hour ago
US markets crashed too.
Ashwani Kumar • 1 hour ago
Indian economy/GDP is already in severe crisis and now Corona Virus will add more fuel to this fire.
Sitaram • 5 mins ago
Good thing about being poor and unemployed - you do not lose money in stock market.