Sensex falls 2,713 points, 2nd biggest drop ever; has lost 24% in a month

MUMBAI: The global sell-off triggered by fears of a worldwide recession due to the spread of coronavirus shows no signs of tapering, despite desperate cut in interest rates and other liquidity-support measures by central banks. On Monday, the sensex lost another 8%, or 2,713 points, its second worst single-day loss after the 2,919-point pounding last Thursday. And it is expected to crash again on Tuesday after the Dow Jones index in the US crashed over 12% in early trades on Monday.

In less than a month, the sensex has lost nearly 10,000 points or 24%, a bear market like many other global indices.

Investors’ wealth is down by about Rs 36 lak