Mumbai: Indian stock markets fell strongly on Monday and the Sensex of the Bombay Stock Exchange plunged about 807 points. Selling pressure in the global markets also affected the domestic stock markets, amid increasing investor concerns following new cases of corona virus in China.
The 30-share BSE Sensex closed at 40,363.23, down 806.89 points, or 1.96 percent. The National Stock Exchange’s Nifty also lost 251.45 points, or 2.08 percent, to close at 11,829.40.
Shares of all the companies involved in the Sensex were at a loss. Tata Steel declined the most by 6.39 percent. It was followed by ONGC, Maruti, Titan, ICICI Bank, HDFC and Bharti Airtel. Meanwhile, there are reports of the dreaded corona virus rapidly spreading to other countries outside China.
This is a worrying sign for the global economy. Vigilance in the country has increased after a sharp rise in corona virus cases in South Korea. At the same time, Italy and Iran have also taken notable steps towards rescue. Meanwhile, the International Monetary Fund also warned that the dangerous corona virus could put the already weak global economy in further trouble.