The Nifty50 index hit lower circuit, down 10 percent within 8 minutes of trading. Trading has been halted for 45 minutes.

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NSE

Indian markets hit the lower circuit for the first time in 12 years.

Indian shares opened with sharp cuts for the third session this week on Friday, following global markets selloff as alarm over the coronavirus intensified.

At 9:30 am, the BSE Sensex plunged 3,090.62 points or 9.43 percent to 29,687.52, while the NSE Nifty was down 966.10 points or 10.7 percent lower at 8,624.05.