Sensex ends 3,000 points lower, Nifty at 9,590: 5 factors behind the market crash today

Sensex ends 3,000 points lower, Nifty at 9,590: 5 factors behind the market crash today

Earlier, within minutes of the opening session on Thursday, equity benchmarks plummeted 6% each, tracking global equities, following a weak trend from overseas as investors turned jittery over mounting fears of Covid-19 infections.

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Market traders have turned jittery on equity markets amid the rising fears of the virus pandemic, that might lead to a severe global recessionMarket traders have turned jittery on equity markets amid the rising fears of the virus pandemic, that might lead to a severe global recession
Rupa Burman Roy
  • Mar 12, 2020,
  • Updated Mar 12, 2020 6:55 PM IST

After witnessing their worst single-day fall ever,  Sensex and Nifty closed nearly 8% lower in Thursday's trade. Sensex ended almost 3,000 points lower and Nifty closed at 9,500 today, with all the sectors in the red.  The crash was led by major volatility in global markets that continued to panic due to the spread of the coronavirus.

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Amid rising cases of coronavirus and over 5% drop in crude oil prices, BSE Sensex closed 2,919 points lower at 32,778, while 50-share index NSE Nifty ended 868 points lower at 9,590.

Earlier, within minutes of the opening session on Thursday, equity benchmarks plummeted 6% each, tracking global equities, following a weak trend from overseas as investors turned jittery over mounting fears of Covid-19 infections.

Traders are selling off on rising fears of the virus pandemic, that might lead to a severe global recession. Domestic investors also awaited official numbers of Consumer Price Index (CPI) and Index of Industrial Production (IIP), to be released later in the day.

Here's a look at five factors which led to crash in Sensex, Nifty today.

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Coronavirus infection: Share market investors lose Rs 33 lakh crore in a month

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

After witnessing their worst single-day fall ever,  Sensex and Nifty closed nearly 8% lower in Thursday's trade. Sensex ended almost 3,000 points lower and Nifty closed at 9,500 today, with all the sectors in the red.  The crash was led by major volatility in global markets that continued to panic due to the spread of the coronavirus.

Advertisement

Amid rising cases of coronavirus and over 5% drop in crude oil prices, BSE Sensex closed 2,919 points lower at 32,778, while 50-share index NSE Nifty ended 868 points lower at 9,590.

Earlier, within minutes of the opening session on Thursday, equity benchmarks plummeted 6% each, tracking global equities, following a weak trend from overseas as investors turned jittery over mounting fears of Covid-19 infections.

Traders are selling off on rising fears of the virus pandemic, that might lead to a severe global recession. Domestic investors also awaited official numbers of Consumer Price Index (CPI) and Index of Industrial Production (IIP), to be released later in the day.

Here's a look at five factors which led to crash in Sensex, Nifty today.

Advertisement

Coronavirus infection: Share market investors lose Rs 33 lakh crore in a month

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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