Sensex plunges 1100 points

Indian stock markets plunged today, tracking a collapse in global equities amid mounting concerns about the impact of coronavirus on global economy. The Sensex fell over 1,100 points to 38,601, extending the selloff to the sixth day and wiping out investor wealth of about ₹5 lakh crore in minutes. In the past five sessions, the Sensex had plunged over 1,550 points amid a global rout. The broader Nifty breached 11,300 level today. Global markets are on track for the worst week since the global financial crisis in 2008 as virus-related disruptions to international travel and supply chains fuelled fears of recession in the US and the Euro Zone.