Mumbai: Investors sentiment took a beating and Dalal Street saw carnage on Thursday, with the World Health Organization declaring Corona virus a pandemic. The carnage in the market wiped out Rs. 11 lakh crores investor wealth with markets down 20% from its recent high, experts claimed that markets have entered bear territory.

The Sensex suffered its biggest single day selloff in absolute terms, plunging 3, 204 points are 8.97%, intraday to 32, 493 its lowest point in 23 months. The Nifty plunged 9% or 950 points, intraday to 9, 508, marking its lowest recorded since June 2017. Registering the biggest single day fall, the Sensex closed down to 2, 919. 26 points, or 8.18%, at 32, 778.14 and the Nifty settled at 9, 590.15 points, down 868.25 points or 8.3%. The Rupee fell to 74.34 per dollar, just 14 paise shy of its record low of 74.48, a level hit in October 2018.

Brent Crude Oil features plunged 5.76% to $33.73 per barrel intraday, after the travel ban. All Sensex constituents ended in the red.