The Indian stock markets plunged into bear territory on Thursday after the coronavirus outbreak was described a pandemic and the United States suspended travel from Europe, fanning fears of further disruption to the global economy.
The NSE Nifty 50 index plunged 8.3% to 9,590.15, its lowest close in 2-1/2 years, while the S&P BSE Sensex also slid about 8% to a near two-year low of 32,778.14.
The last time Indian stock indexes dropped as much was at the height of the global financial crisis in 2008.
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