Sensex Plunges Over 1,700 Points As Mutant Virus Spooks Global Markets

Domestic stock markets tumbled more than 4 per cent on Monday tracking a selloff across global equities over fears of a new coronavirus strain that was shutting much of the United Kingdom. The Sensex index dropped 2,037.61 points, or 4.34 per cent, to 44,923.08 at the weakest level in late afternoon deals, and the broader Nifty benchmark tanked to as low as 13,131.45, falling 629.1 points, or 4.57 per cent, from its previous close. A selloff across sectors -- led by banking, financial services, automobile and metal shares -- dragged the markets lower.

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