ADVERTISEMENT

Markets Close in Red: Sensex, Nifty End at Four-Year Low

Large parts of India have been placed under lockdown starting Monday to curb the spread of coronavirus.

Updated
Business
1 min read
Markets Close in Red: Sensex, Nifty End at Four-Year Low
i

Indian equity benchmarks continued their fall on Monday, 23 March, with BSE Sensex down 3,934.72 points (13.15 percent) at 25,981.24 and NSE Nifty down 1,135.20 points (12.98 percent) at 7,610.25.

These are now the lowest levels since 2016, according to BloombergQuint.

Market breadth remained adverse with 1,703 stocks ending the day with losses while only 129 closed with gains.

Stock exchanges had earlier paused trading for 45 minutes after Sensex plunged 10 percent, hitting its lower circuit limit, within the first hour of opening of the session. As an automatic mechanism to curb freefall in the market, trading is halted in the market for 45 minutes when an exchange plunges 10 percent before 1 pm.

ADVERTISEMENT

The crash in the markets come amid concerns over the coronavirus outbreak.

At the opening on Monday, Sensex had nosedived 2,718 points to 27,197, while Nifty tanked 720 points to 8,024, as large parts of India were placed under lockdown to curb the spread of the highly contagious virus, which has infected at least 415 people across the country.

All the constituents of the Nifty and Sensex had opened with losses, as did all the sectoral indices.

(With inputs from BloombergQuint and PTI.)

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

ADVERTISEMENT
Published: 
Speaking truth to power requires allies like you.
Become a Quint Insider
25
100
200

or more

PREMIUM

3 months
12 months
12 months
Check Insider Benefits
ADVERTISEMENT
Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!
ADVERTISEMENT
×
×