Sensex sees worst single-day fall, tanks almost 4,000 points; Nifty closes at 7,610

Indian market indices S&P BSE Sensex and Nifty 50 recorded a bad fall on Monday as both closed over 13% lower. This is as the government ordered a lockdown in 75 districts of the country due to the coronavirus outbreak, that has so far infected at least 415 people in India.

The 30-share Sensex ended 3,934 points or 13.15% lower at 25,981 and Nifty closed 1,135 points or 12.98% lower at 7,610.

During the session, Sensex hit an intraday low of 25,880 and Nifty fell to 7,583.

Earlier in the day, both S&P BSE Sensex and the Nifty 50 tanked as much as 10% following which trading was suspended for 45 minutes.

Anand Rathi, chairman of Anand rathi Group told Zee Business that merely curtailing the trading period will not arrest this falling trend.

Both the indices opened in red and traded weakly in the pre-opening session. The Indian rupee also opened at a record low level of 75.69 after closing at 75.19 on Friday.

As per sources, Prime Minister Narendra Modi is likely to meet all industry bodies on Monday to review the state of the economy due to the coronavirus outbreak. Modi is scheduled to preside the meet via video conferencing at 4 PM.