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Sensex loses over 2,000 points; Nifty below 9,400

The benchmark indices have started the week with heavy losses. The Nifty and the Sensex are down around 6% this morning as global markets continued to remain volatile.

The Sensex has lost over 2,000 points while the Nifty has broken below the 9,500 mark. Stocks across the world have entered bear market territory with losses of well over 20%

Last night, the US Federal Reserve cut interest rates to near zero to shield the US economy from the coronavirus pandemic after its previous rate cut failed to calm markets.

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