Sensex nosedives after India detects 2 cases of Coronavirus

Mumbai, March 2
The benchmark Sensex plunged into the red on Monday minutes after the government said that two cases of Coronavirus have been detected -- one each in Delhi and Telangana.

The Sensex lost over 700 points within half an hour following an official statement saying that "one positive case of COVID-19 has been detected in New Delhi and one in Telangana".

At 3.08 p.m., the Sensex traded at 38,171.96, lower by 125.33 points or 0.33 per cent. It had touched an intra-day high of 39,083.17 earlier in the day.

The government said the person from "Delhi has a travel history from Italy, while the one from Telangana has a travel history from Dubai. Both patients are stable and being closely monitored".