Tata Steel, ONGC: Stocks that have suffered the most in the market meltdown

While the Indian equities were isolated from the global rout till early February, the downfall began when the virus began to spread outside mainland China, its originating country.

The Coronavirus (COVID-19) scare has hit the Indian markets and how! The indices entered bear phase on Thursday with the benchmarks S&P BSE Sensex and the NSE’s Nifty50 plummeting 30 per cent each from record highs touched in January this year.  The World Health Organisation (WHO) declared the fast-spreading virus as pandemic on Wednesday as the cases across the globe topped 126,139 and fatalities exceeded 4,627. 

Carnage has hit global markets ever since concerns over the fast-spreading virus hobbled supply chains, and investors tried to evaluate the economic-impact of the contagious disease. The Dow Jones Industrial Average on Wednesday tumbled