Worst week for Indian shares since 2009 as pandemic fears grow [Reuters (UK)]
Vedanta Limited American Depositary Shares (Each representing four equity shares) (VEDL)
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Source: Reuters
Worst week for Indian shares since 2009 as pandemic fears grow - Reuters 2 Min Read BENGALURU, Feb 28 (Reuters) - Indian shares sank on Friday for a sixth straight session, capping their worst week in more than a decade, over fears that the fast-spreading coronavirus outbreak could trigger a global recession. Asia’s third-largest economy is scheduled to release December quarter growth data later in the day that is expected to show a slight improvement, but analysts have already forecast a bumpy March quarter on growing fears of a global pandemic. The broader NSE Nifty 50 index ended 3.71% lower at 11,219.20 and the benchmark S&P BSE Sensex fell 3.4% to close at 38,383.32. For the week, the Nifty 50 index shed 7.3%, while the Sensex dropped 6.8%, their worst decline since the 2008-09 financial crisis. Global share markets were also sharply lower on Friday, marking their worst week since the 2008 global financial crisis and bringing the wipeout in value terms to $5 trillion. “There are
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