Following a similar trend in the global stock markets, the BSE Sensex plunged over 1,100 points during initial trade on Friday.
International indices fell on Thursday over growing concerns of rise in coronavirus cases in several countries after the reopening of economies.
A fear of a second wave COVID-19 in the US, and a not-so-hopeful forecast by the Fed had triggered a fall in the US stock values, yesterday.
The Sensex initially plunged as much as 1,190.27 points to touch an intra-day low of 32,348.10. Later, it trimmed losses and around 10 a.m., it was trading at 32,749.16, lower by 789.21 points or 2.35 per cent from the previous close of 33,538.37 points.
The Nifty50 on the National Stock Exchange was trading at 9,659.70, lower by 242.30 points or 2.45 per cent from its previous close.
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