India markets closed

Market Highlights: Sensex crashes 800 pts, metals, autos drag; IMF says coronavirus puts global economy recovery at risk

FE Online
Share Market Today, Share Market Live

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Extending the morning losses, domestic equity market benchmarks Sensex and Nifty ended nearly 2 per cent lower as the number of new infections from coronavirus outside China spooked global markets. S&P BSE Sensex ended 806 points or 1.96 per cent lower at 40,363, while the broader Nifty 50 index settled below the crucial 11,850-mark, at 11,838, down 242 points or 2 per cent. Index heavyweights such RIL, HDFC, ICICI Bank, TCS and Axis Bank were among the major contributors towards today’s fall. All Sensex constituents traded in the red. Tata Steel was the top index loser with a decline of 6.39 per cent, followed by ONGC, Maruti, Titan, ICICI Bank and HDFC. India VIX, the barometer of volatility in the market, spiked 25.63 per cent to close at 17.21. All the sectoral indices ended in red, Nifty Metal index was the top sectoral loser, down 5.36 per cent dragged by Jindal Steel, JSW Steel and SAIL. The Nifty Auto index settled 3.5 per cent lower weighed down by Motherson Sumi, Bharat Forge and Tata Motors.

The deadly coronavirus epidemic could put an already fragile global economy recovery at risk, the IMF warned Sunday, as G20 financial chiefs discussed ways to contain its economic ripple effects. Global growth was poised for a modest rebound to 3.3 per cent this year, up from 2.9 per cent last year, International Monetary Fund chief Kristalina Georgieva said after a two-day meeting of G20 finance ministers and central bank governors in Riyadh.