Gold falls Rs 128, silver down by Rs 302
Coronavirus continued to have its effect on the global markets
Gold prices on Thursday fell Rs 128 to Rs 44,490 per 10 grams in the national capital though rupee depreciation capped the downside, according to HDFC Securities. The yellow metal had closed at Rs 44,618 per 10 grams on Wednesday. Silver also dropped Rs 302 to Rs 46,868 per kg, compared with Rs 47,170 per kg in the previous session.
Industrial production grows 2 pc in January
India's industrial output grew by 2 per cent in January amid subdued performance of manufacturing sector, government data showed on Thursday. The Index of Industrial Production (IIP) had grown by 1.6 per cent in January 2019. According to data from the National Statistical Office (NSO), the manufacturing sector output grew by 1.5 per cent as compared with a rise of 1.3 per cent in the corresponding month a year ago.
Sensex crashes 2,919.26 points to end at 32,778.14; Nifty sinks
Equity benchmark Sensex crashed over 2,700 points and the broader Nifty sank below 9,700 (intra-day) on Thursday, wiping off over Rs 9 lakh crore worth investor wealth, after WHO declared COVID-19 a pandemic, spiking fears of a global economic recession.
Sensex crashes over 2,700 pts; Nifty falls below 9,700
Dubai Financial Market dived more than 7.0 percent
Dubai Financial Market dived more than 7.0 percent at the open on the last trading day of the week. Abu Dhabi shares dropped 6.0 percent
Gulf stock markets slide on virus, oil fears
Virus slowing economic activity cutting demand for oil: Moody's
The spread of coronavirus significantly slowed economic activity worldwide, cutting demand for both oil and oil products
Low oil prices heighten global oil and gas companies' financial risks: Moody's
Asian shares take a beating
Asian shares plunged on Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street.
Read: Asian shares plunge after coronavirus declared pandemic, indexes sink on Wall Street
Sensex hits a new low
Equity benchmark Sensex plummeted over 1,800 points and the broader Nifty gave up the 10,000 level in opening session on Thursday as worsening rout in world markets, after WHO declared coronavirus a pandemic, flared up fears of a global economic recession
Sensex nosedives over 1,800 points amid global selloff
Coronavirus hit global economy
For the global economy, virus repercussions were profound, with increasing concerns of wealth- and job-wrecking recessions. U.S. stocks wiped out more than all the gains from a huge rally a day earlier as Wall Street continued to reel.
Covid-19 raises concerns of job wrecking recessions
Airlines cut flights
Airlines are slashing flights, freezing hiring and parking planes to cope with a stunning drop in bookings and a rise in cancellations caused by fear over the new virus outbreak