Nifty Slides Below 11000

The stock markets have plunged at opening bell, in line with the sell-off witnessed across the world, as the spread of coronavirus across the world is stoking fears of a prolonged global economic slowdown. The BSE Sensex was at 37,180, weaker by 1,300 points and the SGX Nifty was at 10,881, down 385 points in early trades. The broader markets also succumbed to panic selling, with BSE Midcap index osendiving by 568 points or 3.9 per cent to 14002 and the BSE Smallcap index losing 426 points or 3.1 per cent to 13,164. All the BSE sectoral indices are trading in the red.