The benchmark indices extended their losses and fell for the fifth consecutive day on Wednesday as the spread of coronavirus across the globe and the riots in Delhi rattled investors.
Analysts said investors worried that coronavirus might turn into a pandemic and halt growth in the global economy. This week, foreign portfolio investors (FPIs) have yanked out Rs 10,000 crore ($1.4 billion) from domestic equities, dragging the index down about 4 per cent. On Thursday, the pull out was more intense as their selling exceeded buying by Rs 3,127 crore. Market players said besides the coronavirus outbreak, turmoil in
Analysts said investors worried that coronavirus might turn into a pandemic and halt growth in the global economy. This week, foreign portfolio investors (FPIs) have yanked out Rs 10,000 crore ($1.4 billion) from domestic equities, dragging the index down about 4 per cent. On Thursday, the pull out was more intense as their selling exceeded buying by Rs 3,127 crore. Market players said besides the coronavirus outbreak, turmoil in