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09 April, 2020 20:38 IST
Sensex plunges 1,448 points; Nifty settles 3.56% lower at 11,202
Source: IRIS | 28 Feb, 2020, 05.14PM
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Indian markets continued to fall for the sixth day on Friday. At the close, the benchmark 30-share index, BSE Sensex declined 1,448.37 or 3.64% at 38,297.29 with 30 components registering drop. While the broad based NSE Nifty closed 414.10 points or 3.56% down at 11,219.20.

Shibani Sircar Kurian, Sr. Vice President and Head of Equity Research, Kotak Mahindra Asset Management Company said, ''Global markets felt the impact of the spread of the coronavirus and the Indian equity markets were not immune to the trend. Markets the world over, are grappling with the uncertainty of the impact of this epidemic on growth and global demand. The rapid spread of the deadly virus outside the epicenter i.e. China has caused further panic.

All shares in the Sensex settled with losses. Tech Mahindra (8.14%), Tata Steel (7.57%), Mahindra & Mahindra (7.50%), and HCL Technologies (6.25%) were the biggest losers in the Sensex.

Market breadth was negative with 441 advances against 1,765 declines.

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