BH CORRESPONDENT, Mumbai: It was a Black Friday for investors who saw close to ₹5.5-lakh- cr in market investments wipe out on the Bombay Stock Exchange on Friday as the fear of the coronavirus kept spreading across the globe.
The fallout of the virus is beginning to be felt in trade and commerce in particular. Manufacturers depending on China-based supplies are facing wide-spread supply chain disruptions which has spooked the market.
The Sensex crashed 1,448.37 points, or 3.64 per cent, to 38,297.29, its second-worst fall since August 2015. The NSE Nifty index fell 414.10 points, or 3.56 per cent, to 11,219.20. The BSE market-cap was down to ₹146.87-lakh crore.
Stock markets around the globe are facing crisis in confidence especially,after World Health Organization Director-General Tedros Adhanom Ghebreyesus said on Thursday that the virus has “pandemic potential” and declared that more than 83,000 people in some 50 countries have been infected.