Bloodbath on D-Street: Sensex sinks nearly 1,950 points, Nifty below 10,500

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Equity benchmark indices came under the bearish grip on Monday as risk sentiment worsened in global stocks due to spreading coronavirus (COVID-19) and a sharp plunge in oil prices. Oil fell by the most since 1991 after Saudi Arabia started a price war with Russia by slashing its selling prices amid falling demand because of the virus outbreak. Today market witnessed the biggest single-day fall in at least 10 years.

The market is badly hit as Sensex closed on March 9, 2020 at 1,941.67 points lower at 35,634.95. Similarly, Nifty ended 538.00 points low at 10,451.45.

In the previous season, Sensex closed on March 6, 2020 at 893.99 points lower at 37,576.62. Similarly, Nifty ended 279.55 points low at 10,989.45.

ONGC, Vedanta, Reliance Industries, Zee Entertainment and IndusInd Bank were among major losers on the Nifty, while gainers included Yes Bank, BPCL, Bharti Infratel and Eicher Motors.

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