Sensex Set To Plunge Another 1,000 Points As Dow Enters Bear Territory

Benchmark indices are slated to open sharply lower, with the SGX Nifty suggesting a cut of at least 3 per cent on the indices, as the Dow Jones Industrial Average entered bear territory. The Sensex may fall below the 35,000 points mark in trade.

Much was also expected by investors from US President Donald Trump's speech to the nation, but, some of the sops left investors disappointed. In fact, the President has banned travel from Europe, except from the UK, which is also likely to hit trade.

Most Asian markets were trading with sharp losses with the Japanese Nikkei seeing deep cuts of 3.5 per cent, while the Australian S&P A&X 200 was down nearly 4 per cent. The World Health Organization declaring, the Coronavirus a pandemic also dampened sentiments.

A cut of 381 points on the SGX nifty indicates a cut of at least 1,000 points on the Sensex.

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