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Share market crash: Investors lose over Rs 8 lakh crore within minutes

Market capitalisation on BSE fell to Rs 128.92 lakh crore compared to the Wednesday's market cap of Rs 137.13 lakh crore

Aseem Thapliyal | March 12, 2020 | Updated 10:48 IST
Investors lose over Rs 8 lakh crore within minutes of market opening as global indices sink
Investors lose over Rs 7 lakh crore after Sensex, Nifty crash 5% on coronavirus fears

Investors lost Rs 8.21 lakh crore in wealth within minutes of market opening as Sensex tanked 1,821 points to hit 33,876 against previous close of 35,697. Market capitalisation on BSE fell to Rs 128.92 lakh crore compared to the Wednesday's market cap of Rs 137.13 lakh crore.

Nifty too fell below the 10,000 mark, losing 519 points to 9,938.

NSE VIX index, which reflects rising volatility in the market, zoomed 9.84% to 34.66.

Tata Steel , ONGC and Axis Bank  were top Sensex losers.  All Sensex and Nifty components were trading in red.

Tata Motors, YES  Bank and Adani Ports were top losers on Nifty.

Share Market Live: Sensex tanks 1,700 points, Nifty below 10,000 as coronavirus roils US markets

Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street.

Japan's benchmark Nikkei 225 dived 4.2% in morning trading to 18,591.01. Australia's S&P/ASX 200 dropped 5.3% to 5,420.70. South Korea's Kospi dipped 3.8% to 1,836.48. Hong Kong's Hang Seng lost 3.5% to 24,341.52, while the Shanghai Composite index shed 1.1% to 2,934.99.

On Wall Street, the Dow's loss dragged it 20% below the record set last month and put the index in a bear market.

Coronavirus Live Updates: US suspends all travel from Europe; Italy reports 196 deaths in 24 hours

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