Indian market: Sensex slumps 458.07 pts

The National Stock Exchange (NSE) too fell by 129.25 points to 12,119.00.

The Nifty registered days high and low at 12,216.60 and 12,107 points respectively.

The equity market remained in red throughout the day.

Surging by 497 points in last couple of sessions, the Sensex declined by 103 points to open at 41,510.68. During the day it lost by 491 points to 41,122.48, day low before closing at 41,155.12, down by 458.07 points from its last close.

In Sectoral indices Metal was the major loser, down by more than 3 per cent followed by FMCG, Finance, Telecom, Metal, Capital Goods and Power stocks.
In scrips, Tata Steel, IndusInd Bank, HDFC Bank, SBI and Powergrid dragged the market.

In the broader market, the S&P BSE Mid-Cap index fell 0.5 per cent while the S&P BSE Small-Cap index ended almost flat.

The market breadth favored the sellers. On the BSE, 1031 shares rose and 1495 shares fell. A total of 178 shares were unchanged. In Nifty 50 index, 11 stocks advanced while 39 stocks declined.

Global stock markets were under pressure as investors appeared to be wary about the fast-spreading coronavirus, which started in the China's Wuhan city.

European markets traded lower while most Asian markets were shut for the Lunar New Year holidays. Japan's Nikkei 225 dropped over 2 pc after the Chinese authorities warned of Coronavirus spreading further with contagion like threat internally in China. US stocks skid on Friday on concern the spread of China's coronavirus may disrupt travel & trade and slow global economic growth.