A student who arrived from China waits to be tested for coronavirus infection in Patna. Photo: PTI
tumbled, oil prices slumped, and gold turned costlier as the rapidly spreading coronavirus
— which has claimed 81 lives in China thus far — fuelled concern about its potential impact on the world economy.
The Indian indices
1 per cent as earnings disappointment, coupled with the virus scare, hit sentiment.
“Volatility in stocks will continue for two reasons: The spread of the coronavirus
and quarterly results,” said Chokkalingam G, head of Equinomics Research & Advisory.