Sensex tanks over 1,000 points in opening session; Nifty at 8,389.30

Equity benchmark Sensex plunged over 1,100 points in the opening session on Monday tracking losses in global equities as an 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 fell 245.30 points, or 2.83 per cent, to 8,414.95. 

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