Its Friday 13th and the black Friday has once again shown its ugly face.
The trading was halted for 45 minutes shortly after the opening on Friday as the benchmark indices nosedived 10 per cent each, triggering the circuit breaker.
Nifty50 index crashed 10% in early trade. Trading had to to be halted with Nifty down 10.07% to 8,624 while BSE also halted trading with Sensex down 9.4% at 29,687. Financial experts point out that this is first time in 12 years trading in Indian markets had to be halted.
This has happened a day after it was conformed that a 76-year-old man from Kalaburagi, Karnataka, who died on March 10 following his return from Saudi Arabia was infected with Coronavirus. While a couple of deaths were reported from India earlier, too, with the deceased showing symptoms similar to those in coronavirus patients, this is the first officially confirmed case.
Earlier , on Thursday the coronavirus pandemic had sent stock markets on a downward spiral as fears of a global economic meltdown dragged down key indices by historic levels.
Meanwhile after the mayhem in stock markets on Friday, Congress leader Rahul Gandhi has again targeted the union government over coronavirus fears. The former Congress president also accused the Centre of being in a stupor.
