Black Friday: Share Markets Continue to Bleed, Trading Halted in BSE and NSE

Mumbai: Bloodbath in the stock markets continued today with the BSE and NSE hitting lower circuits and trading halted in the both the bourses for one hour.

The BSE Sensex and Nifty tanked 3090 and 966 points and were trading at 29687 and 8624 points respectively.

As the pandemic Coronavirus spreads its tentacles, the impact is clearly visible on the world markets. Thursday most of the bourses treaded in the lower circuit worldwide and in early trading Friday, most of the Asian share markets saw their worst ever performance.

Japan’s Nikkei fell 7%, while Korea’s Kosdaq fell 8%, triggering a 20-minute trading halt. Australia’s benchmark index fell 7% and New Zealand’s index was last down more than 8%, its biggest ever intraday drop.

The fear of Corona spreading too fast spooked world markets as the US President’s address late on Wednesday imposed restrictions on travel from Europe to the United States, shocking investors and travelers.