Black Friday on the bourses
Both the benchmark indices—BSE Sensex and Nifty 50—lost over 3.5% as fears of coronavirus becoming a pandemic gripped global markets.
coronavirus
February 2020
Markets fall for fifth consecutive day
The S&P BSE Sensex has lost over 1,577.34 points (-3.82%) while the Nifty 50 has lost over 492 points (-4.06%) over coronavirus concerns in the last five trading sessions.
Coronavirus and supply-side disruption
Mounting losses from fears over Covid-19 (coronavirus) show that the world has not learnt from its past mistakes about supply-side disruptions and its adverse impact.
Markets tank over coronavirus fears
The S&P BSE Sensex and the Nifty 50 fell 806.89 (-1.96%) and 242.25 points (-2.01%), respectively, on Monday, the second worst fall in February after the markets’ reaction to the Budget.
Over-dependence on any one country has to be reduced
Speaking on the coronavirus epidemic and its impact on global business, Dharmender Kapoor, CEO & MD, Birlasoft, says over-dependence on any one country has to be reduced.
Gold prices touch seven-year high
While the yellow metal’s safe haven appeal has been on the rise, prices could retreat once fears around Coronavirus start fading.
Coronavirus concerns loom over the auto industry
The lag in procurement of automotive components from China, though manageable in the short term, could hit production at slowdown-hit automakers in India.
