The total market capitalisation of companies listed on the Bombay Stock Exchange (BSE) hit an over 32-month low on Thursday as the benchmark indices crashed over 7 per cent after the World Health Organization (WHO) declared the worldwide outbreak of the new coronavirus as pandemic.

Investors had lost a whopping nearly Rs 11 trillion in the stock markets till 11:10 am today. The total investor wealth, measured in terms of the cumulative market value of all listed stocks on the BSE, fell by Rs 10.97 trillion to Rs 126.15 trillion, exchange data shows.

The rupee on Thursday nosedived a whopping 70 paise against the US dollar after World Health Organisation (WHO) declared the deadly Coronavirus (Covid-19) pandemic. The currency hit a low of 74.34 during the session. However, later it trimmed some losses to trade at 74.12.

The number of cases in over 100 countries around the world has risen to more than 124,000, with over 4,500 deaths, including a jump in fatalities in Iran and Italy in particular, according to an AFP tally.

Shares of telecom companies gained on Wednesday on report that it would take at least six months to evaluate the companies' self-assessment of dues linked to adjusted gross revenue (AGR).

Among individual stocks, Vodafone Idea surged as much as 23.5 per cent to Rs 4.94 on the BSE while Bharti Airtel was up 2.46 per cent to Rs 508.5. In comparison, the benchmark S&P BSE Sensex was trading 0.1 per cent higher at 10 AM.

IndusInd Bank's promoters will hike their stake in the private sector lender by buying extra shares from the market.

The promoters of the bank —IndusInd International Holdings (IIHL) and IndusInd — plan to acquire additional shares from open market in India. This will be within the overall regulatory cap prescribed for promoter holding in private banks, the bank informed the BSE on Friday.

Shares of Tata Motors slipped 10 per cent intra-day to Rs 112.95 on the BSE on Friday after the company said the reduction in China sales owing to the outbreak of coronavirus, is expected to reduce Jaguar Land Rover's (JLR) full-year EBIT (earnings before interest and tax) margin by about 1 per cent.

It, however, added free cashflow in Q4 is still expected to be modestly positive. The coronavirus has significantly impacted China sales with February retails down around 85 per cent year on year, it said.

The Novel Coronavirus scare has now managed to hit stock markets. In the wake of the deadly epidemic, market benchmarks Sensex and Nifty fell at a remarkable rate in the opening session on Friday, leading to share analysts marking February 28 as 'Black Friday'. Investor wealth worth over Rs 5 lakh crore has been wiped off.

Sensex has plunged more than 1000 points and settled at 38,580.32 while Nifty, too, dropped more than 300 points to below 11,300. According to reports, all sectoral indices slipped between 1% to 3%. BSE Midcap and Smallcap indices down over 2% each.