Sensex catches coronavirus, plunges 464 points

January 27, 2020 16:23

Equity benchmark indices extended losses on Monday led by financial, metal, banking and auto stocks as the spread of coronavirus in China led investors globally to a shift from riskier assets to safe havens.Investors assessed the possibilities of disruption to supply chains and said market nerves may remain frayed unless there are signs that virus can be contained soon.

The BSE S&P Sensex closed 458 points or 1.1 per cent lower at 41,155 while the Nifty 50 was down by 129 points at 12,119. All sectoral indices at the National Stock Exchange were in the red except for Nifty pharma.Nifty metal dipped by 3.34 per cent, PSU bank by 2.25 per cent, financial service by 1.4 per cent and realty by 0.85 per cent.

Among stocks, metal major were the worst sufferers with Vedanta down by 4.8 per cent at Rs 148.40 per share. Tata Steel fell by 4.6 per cent, JSW Steel by 4.2 per cent and Hindalco by 3.8 per cent. -- PTI

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