The Wall Street’s significant provide-off overnight more than the fears of a coronavirus pandemic will be a key result in for the domestic indices today.

Fears of a pandemic escalated after the coronavirus spread to Spain and dozens of nations around the world, from South Korea to Italy, accelerated unexpected emergency steps when Iran’s virus dying toll rose to sixteen.

On Tuesday, the S&P BSE Sensex ended at forty,281, down 82 details or .two for each cent, when the 50-share Nifty index slipped beneath the important level of 11,800 to conclusion at 11,798, down 31.five details or .27 for each cent. 

World CUES

The Dow and the S&P 500 tumbled three for each cent on Tuesday in their fourth straight working day of losses as buyers struggled to gauge the financial impression. The Nasdaq Composite also dropped two.77 for each cent.

Following the provide-off on the Wall Street, Asian shares also fell on Wednesday. MSCI’s broadest index of Asia-Pacific shares exterior Japan slipped .six for each cent when Australian shares ended up down 1.77 for each cent. Japan’s Nikkei inventory index slid 1.1 for each cent.

The SGX Nifty indicated a gap-down opening for the domestic indices today.

(With inputs from Reuters)