# Indian stocks suffer worst day in history as coronavirus shuts businesses, cities | Reuters

> India's stock market suffered its worst single-day fall on record on March 23, with the Nifty 50 down 12.98% and the Sensex down 13.15%. The rupee hit a record low of 76.16 per dollar as several states and districts imposed lockdowns.

- Date: 2020-03-23 · published 2020-03-23T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/54392-indian-stocks-suffer-worst-day-in-history-as-coronavirus-shuts-businesses
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Lockdowns and capital flight weaken Indian demand and the rupee, which raises the rupee cost of imported feed inputs and pressures local feed and meat demand.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/markets/stocks/indian-stocks-suffer-worst-day-in-history-as-coronavirus-shuts-businesses-citie-idUSL4N2BG3C9/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.