Adani Enterp. 2496.45↓-37.60(-1.48%)
Adani Ports 734.05↓-3.45(-0.47%)
Apollo Hospitals 4599.15↓-41.30(-0.89%)
Asian Paints 3144.40↑7.00(0.22%)
Axis Bank 937.45↑7.65(0.82%)
B P C L 360.40↓-1.30(-0.36%)
Bajaj Auto 4591.90↓-26.60(-0.58%)
Bajaj Finance 7005.80↑73.75(1.06%)
Bajaj Finserv 1465.85↑16.30(1.12%)
Bharti Airtel 818.45↓-2.80(-0.34%)
Britannia Inds. 4573.25↓-2.00(-0.04%)
Cipla 959.85↑3.60(0.38%)
Coal India 244.30↓-1.80(-0.73%)
Divi's Lab. 3458.00↓-19.85(-0.57%)
Dr Reddy's Labs 4518.90↓-37.35(-0.82%)
Eicher Motors 3678.35↓-33.10(-0.89%)
Grasim Inds 1725.15↑11.85(0.69%)
H D F C 2693.35↑2.80(0.10%)
HCL Technologies 1135.85↑9.65(0.86%)
HDFC Bank 1636.75↑1.25(0.08%)
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Hero Motocorp 2779.15↑2.25(0.08%)
Hind. Unilever 2656.55↑6.25(0.24%)
Hindalco Inds. 413.10↓-6.80(-1.62%)
ICICI Bank 949.95↑1.80(0.19%)
IndusInd Bank 1293.25↑8.30(0.65%)
Infosys 1323.85↑9.45(0.72%)
ITC 449.90↑0.80(0.18%)
JSW Steel 704.60↑2.40(0.34%)
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Larsen & Toubro 2210.80↓-13.75(-0.62%)
M & M 1328.45↓-1.70(-0.13%)
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Nestle India 21574.45↓-155.00(-0.71%)
NTPC 176.80↑0.50(0.28%)
O N G C 158.85↓-0.15(-0.09%)
Power Grid Corpn 235.10↑0.60(0.26%)
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SBI Life Insuran 1215.90↓-2.20(-0.18%)
St Bk of India 592.80↓-2.20(-0.37%)
Sun Pharma.Inds. 959.60↓-8.85(-0.91%)
Tata Consumer 790.90↓-3.35(-0.42%)
Tata Motors 518.80↓-2.65(-0.51%)
Tata Steel 107.05↓-1.40(-1.29%)
TCS 3316.20↓-4.15(-0.12%)
Tech Mahindra 1098.40↓-15.65(-1.40%)
Titan Company 2802.50↓-9.75(-0.35%)
UltraTech Cem. 7901.95↑61.40(0.78%)
UPL 689.05↓-0.95(-0.14%)
Wipro 402.50↑2.70(0.68%)

Coronavirus fuels recession fears: Worst week for global markets since 2008

Wall Street shares led the rout as the S&P 500 fell 4.42 per cent, its largest percentage drop since August 2011

Hideyuki Sano | Reuters Tokyo

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US

3 min read Last Updated : Feb 28 2020 | 10:52 AM IST

Global share prices headed for the worst week since the darkest days of the world financial crisis in 2008 as investors braced for the coronavirus to become a pandemic and rapidly spread around the world.

Hopes that the epidemic that started in China would be over in a few months and economic activity would return to normal have been shattered, as new infections reported around the world now surpass those in China.

"The coronavirus now looks like a pandemic. Markets can cope even if there is big risk as long as we can see the end of the tunnel," said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities. "But at the moment, no one can tell how long this will last and how severe it will get."