Actor Rajinikanth defends Govt on CAA, says it won't affect Indian Muslims

Mumbai, Mar 9: The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.

The plunge in the domestic indices was in line with the global markets on persistent fears of economic impact of the coronavirus epidemic.

Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.

The benchmark index of BSE Sensex was trading at 35,232.67 points, lower by 2,343.95 points or 6.24% from the previous close of 37,576.62 points. 

It had opened at the intra-day high of 36,950.20 and has so far touched a low of 35,109.18.

The Nifty50 on the National Stock Exchange was trading at 10,314.25 points, lower by 675.20 points or 6.14% from the previous close. 

It was a sell-off across sectors, led by financial, metal, energy and IT stocks - which weighed on the markets.

Further, crude oil prices also slumped around 30% on Monday as Organization of Petroleum Exporting Countries (OEPC) failed to agree on an output cut deal, eventually causing Saudi Arabia to cut its prices as it is likely to increase its production. Saudi Arabia's stance has already raised concerns of an all-out price war.

Brent crude futures are currently trading around $34 per barrel.

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.

As per analysts, the oil market witnessed the worst price fall on Monday since the 1991 Gulf War.

Singapore, Mar 23: Oil prices fell at the open in Asia on Monday after a trillion-dollar Senate proposal to help the coronavirus-hit American economy was defeated and death tolls soared across Europe and the US.

US benchmark West Texas Intermediate initially tumbled more than three percent but then pulled back some ground to trade 1.5 percent lower, at $22 a barrel.

Brent crude, the international benchmark, fell 4.9 percent to $25 a barrel.

Prices have fallen to multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and top producers Saudi Arabia and Russia engage in a price war.

The latest drop came after a trillion-dollar Senate proposal to rescue the US economy was defeated after receiving zero support from Democrats, and with five Republicans absent from the chamber because of virus-related quarantines.

The bill had proposed funding for American families, thousands of shuttered or suffering businesses and the nation's critically under-equipped hospitals.

Coronavirus deaths soared across Europe and the United States at the weekend despite heightened restrictions.

The death toll from the virus -- which has upended lives and closed businesses and schools across the planet -- surged to more than 14,300 Sunday, according to an AFP tally.

AxiCorp chief markets strategist Stephen Innes said that "total demand devastation" had set it.

"Oil markets collapsed out of the gate this morning as prices react... to stringent containment lockdown measures," he said.

New Delhi, Apr 10: Actor Akshay Kumar has pledged to contribute Rs 3 crore to Brihanmumbai Municipal Corporation (BMC) to assist the making of personal protection equipment, masks and rapid testing kits to help the battle against COVID-19.

Film critic and movie trade analyst Taran Adarsh announced on the same on Twitter on Friday and wrote, "After donating Rs25 crores to the PM CARES fund, Akshay Kumar contributes Rs3 crores to BMC to assist in the making of PPE, masks and rapid testing kits."

The 'Good Newwz' actor has been informing people about the necessary precautions to be taken to stay safe amid the coronavirus outbreak through his social media handles. On Thursday, Akshay acknowledged the contribution of all essential workers during the lockdown period, and encouraged people to use the hashtag 'Dil Se Thank You' to express their gratitude to the people "who work to ensure our safety."

Earlier, the 'Mission Mangal' actor joined hands with actors including, Kartik Aaryan, Tiger Shroff, Taapsee Pannu, Kiara Advani and launched a hope anthem - 'Muskurayega India,' and made an attempt to pump up Indians with positivity amid the testing times of coronavirus.
The Ministry of Health and Family Welfare on Friday informed that India's total number of COVID-19 positive cases now stands at 6,412.

Out of the total cases, 5,709 are active patients and 504 of them have been cured/discharged and migrated. With 30 new deaths reported in the last 12 hours, the death toll reached 199, according to the ministry.