The emergence of a virulent strain of coronavirus in the UK battered
stocks worldwide, including India, on Monday as nations raced to shut
air travel and reimpose travel restrictions, darkening the prospects of
early recovery.To get more news about
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Indian stock benchmarks plunged 3% at the end of trading, the
worst in Asia and the steepest single-day decline since May, as
investors fretted over the possibility of fresh curbs squeezing economic
activity.
During the day, the benchmark index BSE Sensex plunged as much as
4.34%, while the NSEs Nifty index shed 4.57%. The Sensex ended trading
at 45,553.96, while the Nifty closed at 13,328.40, down 3.14%.
Markets in the rest of Asia-Pacific were mixed. Mainland Chinese
stocks ended higher, with the Shanghai composite gaining 0.76% while
Hong Kongs Hang Seng index declined 0.72%. The coronavirus situation in
countries such as Japan and South Korea remained severe, weighing on
investor sentiment.
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