Share markets in India have extended early losses tracking weakness in global peers, amid heightened worries of COVID-19 virus outbreak.
The BSE Sensex is trading down by 769 points, down 2.6%, while the NSE Nifty is trading down by 216 points.
Shares of Kotak Mahindra Bank plunged over 9%, while Tech Mahindra, Infosys, and Reliance Industries fell over 3%.
Except realty and auto stocks, all sectoral indices are trading in red with stocks in the banking sector, IT sector, and energy sector witnessing most of the selling pressure.
Global stock markets traded in red today, as investors' sentiments turned risk averse amid the rising cases of COVID-19 and tightened lockdowns across the world to combat the virus spread.
Equities elsewhere in Asia posted their biggest quarterly decline in more than a decade and crude oil prices continued to trade near lows last seen in 2002.
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