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Covid-19: Sensex posts biggest quarterly fall, Nifty's worst in 28 years

Meanwhile, foreign portfolio investors (FPIs) have pulled out net of Rs 55,007 crore (approx. $7.4 billion) from Indian equities in March 2020

Bear market, markets, bse, nse, sensex, nifty

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Of the 538 stocks from the S&P BSE500 and Nifty500 index, 114 stocks have seen their market price more-than-halved during the quarter | File photo

Deepak Korgaonkar Puneet Wadhwa New Delhi

3 min read Last Updated : Apr 01 2020 | 2:31 AM IST

The S&P BSE Sensex has reported its sharpest quarterly fall, with the benchmark index slipping 28.6 per cent in the January-March 2020 period. The markets have entered a ‘bear phase’ following panic triggered by the rampant spread of Covid-19. A fall of 20 per cent or more from the peak for a stock or an index is considered bear market territory for that traded unit.

The Nifty50, which declined 29.3 per cent, recorded its sharpest quarterly fall since the June 1992 quarter, when it had fallen 32.2 per cent. The Sensex had tanked 28.1 per cent during the same quarter.

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