Markets Close in Red: Sensex Tanks 1,375 Pts; Nifty Below 8,300

People walk pass the Bombay Stock Exchange (BSE) building displaying India’s benchmark share index on its facade, in Mumbai. 

(Photo: Reuters)

Indian equity benchmarks ended in red on Monday, 30 March, with the 30 share BSE Sensex down 1375.27 points (4.61 percent) at 28,440.32 and the 50 share NSE Nifty down 370.90 points (4.28 percent) at 8,289.35.

The Indian rupee extended the losses, trading lower by 69 paise at 75.54 per dollar, with selling seen in the domestic equity market, according to Moneycontrol.

The International Monetary Fund (IMF) on Friday said it has reassessed the prospects for growth for 2020 and 2021.

“It is now clear that we have entered a recession as bad or worse than in 2009. We do project recovery in 2021,” IMF Managing Director Kristalina Georgieva stated.

Earlier, equity benchmark Sensex plunged over 1,100 points in the opening session tracking losses in global equities as the unabated spike in COVID-19 cases across the world has hammered economic growth.

(With inputs from Moneycontrol)