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Coronavirus pushes markets deeper into red; Sensex falls 143 points

Market players said if not for the buying by domestic investors, there could have a steeper decline. They bought shares worth over Rs 3,000 crore in each of the last two trading sessions.

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Analysts said investors worried that coronavirus might turn into a pandemic and halt growth in the global economy.

Sundar Sethuraman Mumbai
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

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First Published: Feb 27 2020 | 10:31 PM IST

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