Sensex plummets 458 pts as China virus fears grip markets globally - News Summed Up

Sensex plummets 458 pts as China virus fears grip markets globally


businessUpdated: Jan 27, 2020 16:46 ISTBenchmark Sensex plunged over 458 points on Monday following intense selloffs in many overseas markets amid fears over the global economic impact of China’s deadly coronavirus. After tumbling nearly 500 points during the day, the 30-share BSE index settled 458.07 points, or 1.10 per cent, lower at 41,155.12. Likewise, the broader NSE Nifty closed 129.25 points, or 1.06 per cent, down at 12,119. On the other hand, M&M, UltraTech Cement, Tech Mahindra, ICICI Bank and Axis Bank rose up to 1.63 per cent. Markets across the world are increasingly turning volatile on concerns over the global economic impact of the coronavirus after China announced sharp increases in the number of people affected in the outbreak, analysts said.


Source: Hindustan Times January 27, 2020 10:30 UTC



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