Mumbai: The bloodbath in the Indian share markets continued with the Bombay Stock Exchange index Sensex and National Stock Exchange index Nifty today falling more than 6 percent in cue with global indices.
While the Sensex droped more than 2,500 points, the biggest ever drop in absolute terms, Nifty was treading below 9,700 by 11 am. Within an hour of the treading, Rs 10.98 lakh crore of investor wealth vanished. All indices of the BSE and NSE were treading in red as analysts advice for caution.
The rout in the stock markets is in response to the declation of Coronavirus as a Pandemic by the World Health Organisation.