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Amid lockdown over COVID-19, Sensex, Nifty witness biggest loss ever

Amid lockdown over COVID-19, Sensex, Nifty witness biggest loss ever

| @indiablooms | 23 Mar 2020, 04:36 pm

Mumbai/IBNS: Amid the spike in the number of positive cases of COVID-19, the Indian market on Monday witnessed an all-time low with Sensex losing 3,934 points to 25,981 and Nifty closing at 1,135 points lower at 7,610.

This is the highest loss which came amid lockdown in 75 districts across India, taking a huge toll on the financial market.

After Monday's fall, Sensex has lost 15,188 points or 36.89% in last one month and Nifty has fallen 37.01% or 4,470 points during the period.

The Indian market has been witnessing blood bath over the last few days.

The Coronavirus outbreak has left eight people dead and at least 415 people infected across India.

The crash in the stock market came on a day as 75 districts across the country are witnessing locked down barring essential services till the end of the month.

In a bid to restrict the surge of COVID 19 in the country, the Indian government on Monday announced all domestic flights will stop operating in the country from Tuesday midnight.

All passengers trains have been stopped by the government till Mar 31 while no international flights are now not allowed to land in India for a week which began on Mar 22.

All inter-state buses have been stopped.

Prime Minister Narendra Modi earlier announced that a financial task-force will be constituted to tackle the economic challenge posed by the virus outbreak.

 


 

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