Sensex tanks over 1,100 pts; Nifty slumps below 8,400
Equity benchmark Sensex plunged over 1,100 points in opening session on Monday tracking losses in global equities as unabated spike in COVID-19 cases across the world has hammered economic growth, sending the world into an economic recession. The International Monetary Fund (IMF) has said the world is in the face of a devastating impact due to the coronavirus pandemic and has clearly entered a recession. After hitting a low of 28,708.83, the 30-share BSE barometer was trading 855.82 points or 2.87 per cent lower at 28,959.77. Similarly, the NSE Nifty…
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