Mumbai: Coronavirus fear affected the Indian stock market worsely as the Bombay Stock Exchange (BSE) crashed misrebly, falling 1,100 points on Friday.
The domestic stocks wiped nearly Rs 4 lakh crore of investor wealth with the total market capitalisation falling below Rs 150 lakh crore mark. This would have a far-reaching impact on the world economy.
At 9.50 a.m., the BSE Sensex was trading at 38,597.53, lower by 1,148.13 points or 2.89 per cent from the previous close of 39,745.66.
It had opened at the intra-day high of 39,087.47 and has so far touched a low of 38,587.51 points.
The Nifty50 on the National Stock Exchange was trading at 11,297.45, lower by 335.85 points or 2.89 per cent from its previous close.
Concerns of coronavirus turning into a pandemic and spreading into countries outside China have off late impacted investor sentiments both in the global and domestic markets.
This is the sixth day of consecutive slide for domestic stocks where investors lost Rs 10 lakh crore so far.