Market regulator Sebi or Securities and Exchange Board of India said on Friday that the current fall in the domestic stock markets "has been significantly lower" than global counterparts. In a statement released during market hours, on a day benchmark indices Sensex and Nifty recovered most of intraday losses after plummeting more than 10 per cent each, Sebi said: "Over the last few days the Indian stock market has been moving in tandem with other global markets owing to concerns relating to COVID-19 pandemic, resultant fear of economic slowdown, recent fall in global crude prices, etc."
Here's the full statement by the markets regulator:
In morning, the benchmark indices had crashed 10 per cent each, triggering the lower circuit for the first time since the 2008 global financial crisis.
