The Nifty 50 slipped by 66 points at 9,524 while BSE S&P Sensex was still down by 84 points or 0.26 per cent

Investors stayed worried during early hours on Friday as equity indices dropped by 10 percent but recovered quickly following the trading was halted for 45 minutes as the Nifty hit a lower circuit. At 11:15 am, the BSE S&P Sensex was down by 84 points or 0.26 per cent to 32,693 while the Nifty 50 slipped by 66 points at 9,524. The trading was stopped for the 45 minutes since the Nifty hit a 10 percent lower circuit. Market regulator Securities and Exchange Board of India (SEBI) stepped quickly and stated the fall in Indian indices was considerably lower than the stock exchange in different nations. "SEBI and stock exchanges have a strong risk management framework where gets triggered in response to movements in the indices (BSE Sensex and NSE Nifty) in addition to individual stocks both in cash and derivatives market," it said in a statement. Over the past couple of days, said SEBI, the Indian stock market was moving in tandem with additional global markets because of concerns relating to COVID-19 pandemic, resultant fear of economic downturn and recent collapse in global crude prices. In currency markets, the Indian rupee regained 50 paise after hitting a record low of Rs 74.50 in early trade on worries within the coronavirus pandemic. At 11:15 am, it had been trading in 74.03. Meanwhile, international stock markets crashed with coronavirus panic selling hitting nearly every asset class. Oil and gold fell and once-safe autonomous bonds slumped as investors resisted what they could to cover losses. Japan's Nikkei dropped as far as 10 per cent and led to its worst week since the 2008 fiscal catastrophe. In South Korea, the Kospi fell by 7.7 percent while Hong Kong's Hang Seng index was down by 5 per cent and China's Shanghai composite slumped by 3 percent. Overnight on Wall Street, the Dow Jones Industrial Average closed 2,353 lower at 21,201, the S&P 500 tanked 9.5 percent and the Nasdaq Composite ended 9.4 per cent reduced at 7,202. On Wednesday, the World Health Organisation (WHO) declared coronavirus a global pandemic and US President Donald Trump declared a 30-day ban on travel from Europe to the USA over COVID-19.