Taking Stock: A sharp rise in coronavirus cases drag market; Sensex sees a 946 points swing intraday

A day after logging healthy gains, Indian equities resumed their downward journey as the cases of coronavirus rose sharply to 28, fanning concerns over the health of the economy that has already been weak for the last few quarters. 

 

Major markets, across the globe, trod water as an emergency rate cut by the US Fed failed to soothe the concerns of coronavirus's economic fallout. 

 

Indian marker witnessed strong bouts of volatility as the equity barometer swung for 946 points in intraday trade, evetually settling in the negative territory.