Bloodbath On Dalal Street; Sensex Tanks Over 2,200 Points, Nifty Breaches 10,400-Mark

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Indian stock markets fell sharply today with Sensex tanking over 2,200 points amid a global selloff on concerns that the coronavirus would significantly slow down economic activity. Back home, the Yes Bank crisis also hurt the sentiment. A significant dip in global oil prices failed to lift the domestic sentiment as increasing cases of coronavirus cases in India and concerns about domestic economic growth weighed on the market mood. The broader Nifty tanked over 5% to below 10,400. The rupee also fell sharply against the US dollar today.

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