Resuming its downward spiral, domestic BSE Sensex sank 2004.20 points or 5.88 per cent to 32,099.28 in morning session. The rupee too depreciated 41 paise to 74.16 against US dollar in morning session. Resuming its downward spiral, domestic BSE Sensex sank 2004.20 points or 5.88 per cent to 32,099.28 in morning session. According to traders, volatility heightened in global markets as US Federal Reserve's interest rate cut stoked concerns over an impending economic recession. Further, Bank of Japan (BOJ) convened an emergency policy meeting after the Fed rate cut.

Source: The Telegraph March 16, 2020 04:30 UTC