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Market tanks for 6th day on eco recovery fear

PNS

Sensex plunged 1,115 points while Nifty crashed below the 10,850-mark on Thursday as investors dumped equities amid a sharp global selloff and concerns over economic recovery. World markets were bathed in a sea of red as fears about a second wave of Covid-19 infections in major economies and lack of fresh stimulus from central banks clobbered sentiment.

A sharp depreciation in the rupee and volatility on F&O expiry day further weighed on the bourses.