Market experts said investors were afraid of the unprecedented disruption to business activity pushing the country into a prolonged recession if the outbreak did not stem
Several blue chips such as Axis Bank, Wipro, ONGC, Bajaj Finserv, and Titan have fallen off the list following unprecedented declines in their stocks
Investors should take a heart from the fact that there are countries, such as China and South Korea, where normalcy is returning.
It is going to be very difficult and testing time for retail investors.
The Sensex hit a low of 26,924.11, triggering temporary pause in trading across all the segments in the markets
Maruti Suzuki India (MSI), the country's largest carmaker, said it was suspending production at its facilities in Haryana "till further notice".
Over half the CNX100 stocks still expensive; Nifty, too, in higher valuation zone compared to 2008-09
Market participants attribute this to regulatory tightening and standardisation of margin requirements, stringent reporting for brokers, and segregation of client funds
According to experts, the Nifty has continued to form lower top-lower bottom formations, a trend seen in the last five weeks, and witnessed sharp selling towards 9,700 zones
The scariest aspect of the crash is that, for once, it's about something real
Mohandas Pai, former CEO and board member at Infosys, made a pitch for removing the tax on share buybacks
"We think Indian policymakers must catch up and that too in a short time," analysts at the brokerage firm wrote.
The economic fallout of Covid-19 is yet to be analysed but it will have a significant impact on India Inc's earnings in the March quarter as well as in financial year 2020-21 (FY21).
The fall in banking stocks has a huge bearing on the overall markets as the sector has the highest weighting in the benchmark indices
Nifty falls below 9,000 after dropping 10% in two days
For developed nations with virus-containment measures and business continuity plans in place, market shutdowns are not necessary, he added
Stock market crash: TCS sheds $21 billion in market capitalisation, Infosys $7 billion and Wipro around $3 billion
Making an investment decision in the stock market is never an easy task
ETFs are similar to index funds, except that these may be bought and sold on the exchanges. They're preferred by institutional investors
Last week, the finance ministry hauled up the market regulator, seeking immediate action to curb the free fall in the market, sources said