Sensex down 581 pts, Nifty below 8,300
Bengaluru, March 20 -- Indian stocks closed lower for a fourth straight day on Thursday as a sharp late-afternoon surge failed to reverse deep losses from earlier in the session. The Nifty settled down 2.42% at 8,263.45, while the Sensex closed 2.01% lower at 28,288. Both indexes closed at levels last seen in 2017. The indexes tumbled as much 7.5% earlier in the session, as measures unleashed by major governments and central banks failed to reassure investors worried over a global recession fueled by the rapidly spreading coronavirus outbreak. Indian equities have crashed more than 26% so far in March as the virus, which originated in China, has claimed thousands of lives, forced authorities to lock down cities and hammered economic activit...
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