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Hit by concerns over coronavirus, domestic benchmark indices entered into a correction territory on friday, falling over 10 per cent from recent highs.
BSE flagship Sensex has fallen 11.11 per cent from its all-time-high of 42,273.87 attained on January 20.
Similarly, its NSE counterpart Nifty has slumped 11.67 per cent from its high of 12,430.50.
In recent months, the market has been hit by a rapid spread of coronavirus which has disrupted businesses and supply chains across the world.
It is threatening a global recession if not contained.
Globally, more than 95,000 people have been diagnosed with this disease.
In China alone, the death toll now stands at 3,015.
Globally, coronavirus has claimed 267 lives, with most in Italy and Iran.
The US has also reported 12 deaths and 129 cases so far.
On Friday, a decision by the Reserve Bank of India to take over the board of YES Bank gave enough ammunition to the bears to push BSE flagship Sensex 893 points lower to 37,576 and its NSE peer Nifty down 289 points to 10,979.
Year-to-date, Nifty is down 9.59 per cent and Sensex 8.85 per cent.
BSE Smallcap has fallen 2.76 per cent and BSE midcap index 5.06 per cent in this period.
Analysts see massive loss to economies due to the epidemic which has disrupted businesses.
The coronavirus could wipe $211 billion off Asia Pacific economies this year, S-P Global ratings warned Friday, sending growth to its lowest level in more than a decade, as governments struggle to combat the disease.
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Sensex, Nifty tumble into correction territory; fall 11% from highs
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