Bulls quarantined by coronavirus spread, Sensex ends below 40K-mark

Foreign portfolio investors (FPIs) sold shares worth Rs 3,337 crore, while domestic institutional investors (DII) tried to offset some selling by pumping in Rs 2,786 crore into stocks

The benchmark indices fell for the fourth consecutive session on Wednesday as investors across the globe shunned riskier assets because the spread of coronavirus showed no signs of abating. Experts say investors are fretting over the impact of the outbreak on the global economy and corporate earnings.

The benchmark Sensex dropped 3.5 per cent, or 1,434 points, in the four sessions and is showing few signs of a reversal as foreign institutional investors (FIIs) continue to pullout. On Wednesday, the index fell 392 points, or 0.97 per cent, to end at 39,889. The Nifty 50 index dropped 119 points, or