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All In Red: Sensex tanks 2,700 points, Nifty below 9,200
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Mumbai, March 17 (TIWN) Coronavirus fears continued to cause mayhem in the stock markets as the BSE Sensex ended over 2,700 points lower and the Nifty50 on the National Stock Exchange (NSE) settled below the 9,200 mark.
Dalal Street was buzzing with speculation of an inter-meeting rate cut by the RBI after Governor Shakitkanta Das called a press conference at 4 PM amid widespread calls for a rate cut following similar steps by the world's leading central banks, reported PTI.
All Sensex components ended in the red. IndusInd Bank was the top loser, skidding 17.50 percent, followed by Tata Steel (11.02 percent), HDFC (10.94 percent), Axis Bank (10.38 percent) and ICICI Bank (9.96 percent).
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