The Sensex has shed nearly 3,000 points in a week. So, what next?

Business Standard evaluates various scenarios around spread of Covid-19 and its impact on the market

Indian markets dropped three per cent on Friday amid a global sell-off in equities due to the economic uncertainty triggered by spread of the coronavirus. Indian markets have dropped seven per cent in the past one week. Some global markets have slipped into correction territory. The big question facing investors right now is how much the market could slide further. The answer to that depends on whether the globe is able to contain the virus spread. Global brokerage Morgan Stanley has listed out three scenarios on how corona disease 2019 (Covid-19) impact the economy. We assess how it will play