Indian stock indices tumble amid global selloff, COVID-19 spreading

Indian stock indices tumble amid global selloff, COVID-19 spreading

Indian stock indices tumble amid global selloff, COVID-19 spreading

5 hours ago

Stock brokers at the trading terminals of the Bombay Stock Exchange. File/Associated Press

The Indian stock market witnessed a bloodbath on Thursday, in line with the global selloff, with the BSE Sensex losing 1,114.82 points. Post Thursday's selloff, Sensex lost 2,292 points in the last four sessions. This was the sixth consecutive session of loss for the Indian indices.

This was the biggest single day fall for the BSE Sensex in four months and the biggest losing streak (6 sessions) in seven months.

The Nifty50 on the National Stock Exchange (NSE) fell well below the psychological 11,000 mark.

The recent bear run has been due to resurgence in coronavirus cases across the world, largely in Europe and anticipation of fresh lockdown restrictions across