Mumbai:Equity benchmark Sensex declined 143 points on Thursday tracking a global selloff amid rising fears of the coronavirus outbreak turning into a pandemic and hitting the world economy.
Extending its losses for the last five consecutive session BSE Sensex lost around 1,578 and NSE Nifty 492 points.
The expiry of domestic derivatives contracts too kept market volatile, traders said.
After plunging over 465.69 points during the day, the 30-share BSE barometer finally settled 143.30 points, or 0.36 per cent, lower at 39,745.66.
Similarly, the broader NSE Nifty fell 45.20 points or 0.39 per cent to end at 11,633.30.
ONGC was the top loser in the Sensex pack, followed by HCL Tech, SBI, ICICI Bank, IndusInd Bank, Hero MotoCorp and M&M.
On the other hand, Sun Pharma, Titan, Asian Paints and Axis Bank led the gainers' chart.
Market opened in negative tracking its Asian peers as the rapid global spread of the coronavirus kept investors on the edge and made them seek safety in gold and bonds, said Narendra Solanki, Head Fundamental Research (Investment Services) - AVP Equity Research, Anand Rathi Shares & Stock Brokers.
India is at risk of getting severely impacted by the epidemic economically because of its high reliance on Chinese imports for various goods, he noted.
Read more:No instruction to banks on withdrawing Rs 2000 notes: FM