Saudi Arabia’s benchmark index dropped 0.8 per cent, extending Thursday’s losses, with Saudi National Bank down 2.6 per cent and oil behemoth Saudi Aramco down 1.4 per cent
Markets3 days ago
All Asian indices also were trading in the red. WHO declared the disease a pandemic on Wednesday following which the Dow Jones Industrial Average also slumped significantly.
At 9.27am, the Sensex was trading at 33,943.02, lower by 1754.38 or 4.91 per cent from its previous close of 35,697.40
It opened at the intra-day high of 34,472.50 and has so far touched a low of 33,876.13 points.
The Nifty50 on the National Stock Exchange was trading at 9,938.80, lower by 519.60 points or 4.97 per cent from its previous close.
The bear run in both the global and domestic markets has continued off late on concerns of the coronavirus outbreak severely impacting the global economy. It has also raised calls for government intervention and support.
Central banks in several countries, including the US Federal Reserve have announced emergency rate cuts to boost sentiments. However, the concerns have only deepened in the past few days as the number of Covid-19 cases across the world has increased.
Saudi Arabia’s benchmark index dropped 0.8 per cent, extending Thursday’s losses, with Saudi National Bank down 2.6 per cent and oil behemoth Saudi Aramco down 1.4 per cent
Markets3 days ago
The 30-share Sensex was trading at 53,271.67
Markets6 days ago
Despite the US dollar falling heavily overnight, prices fell 0.53 per cent on Wednesday
Markets6 days ago
Shares fall over 25% and tracking worst day since Black Monday crash on Oct. 19, 1987
Markets1 week ago
The dollar index was trading 0.11% higher at 103.47
Markets1 week ago
Spot gold dropped 0.25% to $1,810.19 per ounce at 9.15am UAE time
Markets1 week ago
The rupee was trading at 77.63/64 per dollar by 0805GMT compared with its close of 77.45 on Friday. The rupee touched a record low of 77.7975 during the session
Markets1 week ago
The dollar index was trading 0.01% lower at 104.19
Markets1 week ago