Share Market LIVE: Sensex tanks 2,500 pts, Nifty dives 600 pts; Axis Bank, Bajaj Finance lead the fall

© Provided by The Financial Express Although India enters a partial shutdown, the stock exchanges will operate as usual.

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices opened in the red on Monday morning as India locked down more than 80 districts to tackle the Coronavirus which has taken 7 lives in the country. S&P BSE Sensex opened 2,500 points or 8.47 per cent down at 27,383, while the broader NSE Nifty-50 slipped 600 points to sit slightly above the 8,000 mark. All sectoral indices were trading deep in red on NSE with Nifty Bank losing the most, followed by Nifty Metal. On the other hand, all 30 constituents of the S&P BSE Sensex were down with Bajaj Auto, Bajaj Finance and Hero Moto Corp being the biggest losers, all falling 10 per cent.

The total number of cases in India inched closer to 400 on Sunday as India praticed a ‘junta-curfew’. More than 80 districts have been locked down by the state governments and the central government to prevent the spread of Coronavirus.  Although a lockdown has been imposed, essential services will still continue to operate. The Reserve Bank of India, in a bid to fight the Coronavirus and still stay operational has devided its team into three, working from different locations. Interstate bus services have been halted, although airport remains operational. Ride hailing application Uber has suspended services.