Indian shares end higher; indexes record worst month since 2008

Indian shares end higher; indexes record worst month since 2008

31 Mar 2020 04:26 PM
 

Indian shares closed higher on Tuesday, tracking broader Asian markets, but recorded their worst monthly and yearly performance in over a decade as the country grappled with disruption caused by the fast-spreading coronavirus.

The broader NSE Nifty 50 index ended 3.82% higher at 8,597.75 and the benchmark S&P BSE Sensex closed up 3.62% at 29,468.49.

However, both the indexes posted their worst monthly fall since October 2008 and their worst annual fall since 2009 due tothe coronavirus-led selloff and a sluggish domestic economy.