Sensex plunges 8%, biggest one-day drop since 2008; Dow continues to tumble

The Sensex lost 2,919 points or 8.18% to settle at 32,778.14, a two-and-a-half-year low, in the last two weeks, marking a substantial decline in the stock market. The larger NSE Nifty fell 868.25 points, or 8.30%, to end the day at 9,590.15. The Nikkei and Dow Jones on Wall Street also experienced losses of 23% and 22%, respectively. President Trump's travel restriction caused the US S&P 500 to fall more than 7%. "Selling avalanche caused SBI to lose 13.23% of its value in India, and the oil and gas industries lost 9.82%. Industry-specific indices for real estate, metals, bankex, finance, energy, and IT also decreased. Despite market uncertainties, unleveraged, highly governed companies should consider reasonable investing", asserts Siddharth Mehta CIO of Bay Capital and IL&FS Former Director.