Sensex sinks nearly 3,000 points to hit its lower circuit limit in morning session

Equity benchmark Sensex sank nearly 3,000 points to hit its lower circuit limit in morning session today, triggering a 45-minute trading freeze as coronavirus-led lockdowns across the world stoked fears of a massive global recession. After opening 2,718 points lower, the BSE barometer plunged 2,991.85 points or 10 per cent to 26,924.11. Similarly, the NSE Nifty fell 842.45 points, or 9.63 per cent, to 7,903. As an automatic mechanism to freefall in the market, when an exchange plunges 10 per cen...