Markets may fall further as coronavirus fears intensify; Dow falls 950 pts

Indian stocks could continue their slide following the sharp fall in US markets overnight. The Dow Jones plunged as much as 950 points in opening trade on Thursday, after US officials warned of the virus spread. It, however, recovered to trade at 26,717, down 240 points, as of 11.20 pm (IST).

The US stocks pared early losses, after the initial surge in angst (over the virus spread) that pushed US indices to their four-month lows. Bond yields remained at unprecedented levels.

The S&P 500 and Dow Jones Industrial Average have tumbled this week by as much 10 per cent from