Bloodbath On Dalal Street

Sensex plunges 1,448 points as China virus triggers massive stock sell-off

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The BSE benchmark Sensex logged its second-biggest one day fall ever on Friday as investors went in for a massive sell-off over fears that the fast-spreading coronavirus outbreak was turning into a pandemic that could trigger a global recession.

The crash was in line with world markets which sank deeper into the red, posting their worst week since the 2008 global financial meltdown.

Continuing its downward spiral for the sixth straight session, the 30-share BSE Sensex ended 1,448.37 points, or 3.64 per cent, lower at 38,297.29 to cap the worst week in more than a decade.

This was the 30-share benchmark's second-worst drop in absolute terms after August 24, 2015, when it had plunged 1,624.51 points. The broader NSE Nifty sank 431.55 points or 3.71 per cent to end at 11,201.75.