NEW DELHI: Equity indices plunged on Monday with the benchmark BSE sensex diving more than 3,500 points as lockdowns escalated to curb the deadly coronavirus spread. Covid-19 has infected more than 3,28,000 people and claimed over 14,300 lives across the globe. Cases in India rose to 415, according to the health ministry.
A steep plunge of 10 per cent — lower circuit — in the 30-share BSE pack resulted in a trading halt for 45 minutes.
As an automatic mechanism amid free fall in the stock markets, when an exchange plunges 10 per cent before 1 pm, trading is halted for 45 minutes.
After resuming trade, both the BSE and NSE indexes continued to fall further with sensex falling over 3,500 points and Nifty below 7,750-levels.
Major laggards in the BSE pack included Bajaj Fin
Sensex skids further to tank over 3,500 points; Nifty below 7,750
Byindianadmin
Mar 23, 2020