The Indian markets on March 16, 2020 resumed the sell-off due to weak global cues post surprise cut by U.S Fed on 15th March. The S&P BSE Sensex hit a low of 31,276.3 down by 2,827.18 points during intraday as compared to the previous closing of 34,103.48 on March 13. Whereas the NSE Nifty 50 hit a low of 9,165.10during the intraday. The index Sensex closed at 31,390.07 down by 2,713.41 points or 7.96 per cent and Nifty 50 index ended at 9,199.10 down by 756.10 points or 7.60 per cent.