Sensex plunged by about 300 points

Sensex plunged by about 300 points

Indian market witnessed a selloff on the F&O expiry day on Thursday weighed down by muted global cues as the death toll from coronavirus rose t0 170 in China.

The S&P BSE Sensex plunged by about 300 points while Nifty50 saw a cut of nearly 100 points. Sensex & Nifty slipped the most in January series since August 2019.

A Chinese government economist said with the crisis hitting sectors from mining to luxury goods, the crisis could cut first-quarter growth of the world’s second-largest economy by one point to 5 percent or lower, Reuters reported.

Back home, let’s look at the final tally on D-Street --- the S&P BSE Sensex fell 284 points to 40,913 while the Nifty50 closed 93 points lower at 12,035.