Sensex, NIFTY recover after stock market reopens following a trading halt
Mumbai/IBNS: The BSE Sensex and NIFTY recovered after the stock market, which continued to bleed even in the morning, reopened followed by a 45-minute trading halt on Friday morning.
In the morning, Sensex fell by over 3,000 points immediately after the opening bell amid the Novel Coronavirus scare.
Following the steep downfall, the trading was halted for 45 minutes.
After reopening, the market recovered and as per the last update, the Sensex is down by 671.29 points.
NIFTY is down by 219.25 points.
UPDATE: Sensex is now up by over 500 points, NIFTY by over 100 points
Meanwhile, Canada’s largest stock exchange plunged more than 12 percent in its worst loss since 1940 as the novel coronavirus (COVID-19) pandemic continues to pound global markets, reported Sputnik.
The Toronto Stock Exchange (TSX) has shed 30 per cent since the high recorded on February 20, falling deeper into bear territory on Thursday when it dropped 1,700 points.
The Dow Jones Industrial Average, the broadest equities gauge on the New York Stock Exchange, lost 2,353 points, or 10 percent. It was the second time in a week that the Dow had lost 2,000 points in a day.
The turbulence in the markets is another blow to Canada’s floundering resource sector, which has been beset by the continued blowback of the oil price crash in 2014 and disputes with the Indigenous community that led to blockades across the country.
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