Coronavirus effect: Rs 8 lakh crore loss to investors after Sensex, Nifty crash to touch 16 month low

02:10:00 PM, Monday 9th of March 2020 | in business

The price war between Saudi Arabia and Russia resulted in a loss worth a whopping Rs 7.72 lakh crore to the investors in afternoon trade today. Market capitalisation on BSE fell to Rs 136.59 lakh crore today compared to Friday's close of Rs 144.31 lakh crore amid an intensifying rout in global stocks on coronavirus concerns. Sensex plunged by 2000 points while Nifty fell down by 6%. The Indian rupee hit a 1-year low today.