Fears of larger than anticipated disruption due to an imminent pandemic caused the stock market to crash on Friday. Dalal Street mirrored global stocks headed for their worst week since the 2008 financial crisis.
The benchmark Sensex lost 1,448 points in a broad-based sell-off which saw none of its 30 constituent stocks withstanding the carnage.
The ‘Fear Index’ or India ‘VIX’ logged one of the steepest single-day jump in recent past closing at a record of 22.87 as fresh cases of coronavirus infection surged outside China.
This added to the caution among investors ahead of the 3QFY2019-20 GDP data release due later in the day, that was also expected to remain subdued.
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