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Sensex, Nifty fall over 4% amid global oil rout, coronavirus spread

The Sensex dropped 1,375 points, or 4.6 per cent, to end at 28,440, while the Nifty 50 index declined 379 points, or 4.4 per cent, to end at 8,281.

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Financial stocks were the worst hit. Global oil prices crashed due to fall in demand because of the global shutdowns.

Sundar Sethuraman Mumbai
After posting sharp gains in the previous four trading sessions, the markets once again countered intense selling pressure on Monday, as the global shutdown due to coronavirus and slump in oil prices triggered fresh risk aversion among investors.
 
The Sensex dropped 1,375 points, or 4.6 per cent, to end at 28,440, while the Nifty 50 index declined 379 points, or 4.4 per cent, to end at 8,281. Financial stocks were the worst hit. Global oil prices crashed due to fall in demand because of the global shutdowns.
 
After some moderation in the past few sessions, the selling by foreign portfolio

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First Published: Mar 30 2020 | 9:22 PM IST

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