Sensex crashes 1100 pts as coronavirus pandemic fears grow | Editorji
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Sensex crashes 1100 pts as coronavirus pandemic fears grow

Feb 28, 2020 20:18 IST

Sensex plummeted over 1,100 points, wiping off over Rs 5 lakh crore investor wealth, in opening session on Friday amid a massive selloff in global equities over increasing number of coronavirus cases outside China. Sensex sank 1,100.27 points to 38,645.39 while the NSE Nifty cracked 329.5 points to 11,303.8. According to analysts, till last week the view was that coronavirus would have minimum impact on global economy as situation in China was being contained but the increase in the number of new cases is changing the view and investors are worried about an intense slowdown.