Black Friday for markets: Sensex falls 1,448 points, Nifty drops 432 points

Indices see biggest single-day drop in 5 years; 5-day sell-off wipes off Rs 12-trn investor wealth

The global rout triggered by the spread of coronavirus hit the Indian markets hard on Friday, with the benchmark indices suffering their worst single-day decline in five years. Taking a cue from the near 5 per cent fall in the Dow Jones index of the US, the domestic markets opened gap down and witnessed selling pressure throughout the day.

The Sensex dropped 1,448 points, or 3.6 per cent, to end at 38,297 — the lowest close since October 14, 2019 — while the Nifty plunged 432 points, or 3.7 per cent, to close at 11,202, breaching key support levels. 

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