<div style="float: left;">
		<img align="" alt="Bear-market-1" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-03/09/full/1583742551-9406.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Bear-market-1" width="620">
		<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px;">
		All the sectoral indices on the NSE ended in the red with metals taking the hardest knock. (Photo: Shutterstock.com)</div></div>

Bear-market-1

<div>
	Crash in crude oil price and Coronavirus (Covid-19) fears triggered another round of across-the-board selling in the equity market on Monday. Benchmark indices Sensex and Nifty slid over 6 per cent during the intra-day session before trimming some of their losses later. The indices witnessed their biggest one-day fall ever in absolute terms.&nbsp;Volatility index, India VIX, surged over 21 per cent to&nbsp;31.05 levels.</div>
<br />
<div>
	The S&P BSE Sensex shed 1,942 points or over 5 per cent to settle at 35,635. Reliance Industries (RIL) tumbled around 14 per cent to hit its 52-week low of Rs 1,094.95 on the BSE. It was the biggest contributor to the index&#39;s fall. Other index stocks that witnessed heavy selling were ICICI Bank, HDFC, TCS, Infosys, and HDFC Bank.&nbsp;</div>
<br />
<div>
	On the NSE, the Nifty50 index slipped below 10,500-mark to end at 10,451, down 538 points or 5 per cent. All the sectoral indices on the NSE ended in the red with metals taking the hardest knock. Nifty Metal index slipped around 8 per cent to 2,015 levels while Nifty Media ended at 1,425, down over 6.5 per cent. Nifty Bank ended at&nbsp;26,470, down 1,331 points or 4.8 per cent.&nbsp;<br />
	<br />
	In the broader market, the&nbsp;S&P BSE MidCap index ended at&nbsp;13,554, down 673 points or 4.73 per cent and the&nbsp;S&P BSE SmallCap index lost over 4 per cent to&nbsp;12,771-mark.&nbsp;<br />
	<br />
	<strong>Oil prices crash</strong></div>
<br />
<div>
	Losing more than a quarter of their value, oil prices were set on Monday for their biggest daily rout since the first Gulf War, after Saudi Arabia cut its official prices in a market already reeling from the impact of the coronavirus on global demand. Brent crude futures were down $11.38, or 25 per cent, at $33.89 a barrel by 0732 GMT, after earlier dropping to $31.02, their lowest since Feb. 12, 2016. Brent futures were on track for their biggest daily decline since Jan. 17, 1991, when prices dropped at the start of the first Gulf War.</div>
<br />
<div>
	U.S. West Texas Intermediate (WTI) crude fell by $11.12, or 27 per cent, to $30.16 a barrel, after touching $27.34, also the lowest since Feb. 12, 2016. The U.S. benchmark was potentially heading for its biggest decline on record, surpassing a 33 per cent fall in January 1991.</div>
<br />
<div>
	<strong>Global markets</strong></div>
<br />
<div>
	Global stocks plunged on Monday and prices for crude oil tumbled as much as 33 per cent after Saudi Arabia launched a price war with Russia, sending investors already panicked by the coronavirus fleeing for the safety of bonds and the yen. European markets suffered hefty losses in early trade with London dropping more than 8 per cent, Frankfurt falling more than 7 per cent and Paris almost matching those losses.<br />
	<br />
	In Asia, stocks and emerging market currencies with exposure to oil tumbled in volatile trade while the safe-haven yen surged. Heavy selling was set to continue on Wall Street with US futures hitting their down limit. MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan lost 4.4 per cent in its worst day since August 2015, while Shanghai blue chips fell 2.9 per cent.</div>
<br />
<div>
	<strong><em>(With inputs from Reuters)</em></strong></div>

Indices see biggest 1-day fall ever in absolute terms, Sensex dips 1942 pts

Business Standard

Indices see biggest 1-day fall ever in absolute terms, Sensex dips 1942 pts | News on Markets - Business Standard

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15837400765815.jpg

MARKET ALERT :: India VIX surges to 4-yr high

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/1583740065656.png

MARKET ALERT :: 10-yr Govt Bond Yield breaches 6%

NEWS ALERT | Investors lost nearly Rs 10-trillion in last two trading days

NEWS ALERT | Reliance Industries' 11% fall today is its sharpest intra-day fall since June 2010

MARKET ALERT :: Sensex recorded its sharpest intra-day fall since November 9, 2016

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15837398699155.png

Market check | Sensex plunges 2,000 pts as coronavirus cases rise

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15837389025294.jpg

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15837386330857.jpg

Cadila Healthcare: USFDA issues Form 483 with zero observations for Co's Baddi plant

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15837383937166.png

GLOBAL MARKETS :: Saudi stock market falls by over 9% as oil prices plunge

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15837378548966.jpg

NEWS ALERT | Raids at 7 locations in Mumbai underway in YES Bank case

<blockquote class="twitter-tweet">
	<p dir="ltr" lang="en">
		Maharashtra: Central Bureau of Investigation (CBI) raids are underway at 7 locations in Mumbai, in connection with a case against <a href="https://twitter.com/hashtag/YesBank?src=hash&amp;ref_src=twsrc%5Etfw">#YesBank</a> founder Rana Kapoor. <a href="https://t.co/tGygFGIvcp">https://t.co/tGygFGIvcp</a> <a href="https://t.co/bgEUS29FND">pic.twitter.com/bgEUS29FND</a></p>
	&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/1236911299591716865?ref_src=twsrc%5Etfw">March 9, 2020</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15837375930489.png

Coronavirus Update | Total no. of cases touches 43: Govt

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15837374320722.jpg

IndusInd Bank dips 8% as it defers fund raising; down 39% so far in 2020

<div>
	Shares of IndusInd Bank were down 8.6 per cent to Rs 927 on the BSE on Monday, thus falling 14 per cent in the past two trading days, after the private sector lender on Saturday announced a deferment of its plans to raise funds using additional tier-1 instruments. The stock had hit a low of Rs 921.25 -- its lowest level since March 29, 2016 -- in intra-day trade on the BSE on Friday. <a href="https://www.business-standard.com/article/markets/indusind-bank-defers-fund-raising-plans-stock-falls-39-thus-far-in-2020-120030900334_1.html?1583736814" target="_blank"><em><strong>READ MORE</strong></em></a><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="IndusInd Bank" class="imgCont" height="465" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-02/11/full/1581443244-5538.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="IndusInd Bank" width="620" /></div>
</div>
<br />

NEWS ALERT | FPI flows to EMs will get impacted: Bank of America to CNBC-TV18