Markets Stage Sharpest One-Day Recovery, Here Are Reasons

After early morning carnage of another 10% on benchmark indices, trading came to a standstill. Nonetheless, soon after opening the market recovered by a sharp quantum, which is the biggest ever intra-day recovery. A couple of moves have lifted sentiments: 1. Recovery in US Stock Futures: The sharp gains on the Indian indices after the market…

Crash, pause and rally – Sensex swings 5,380 pts

Friday’s mega recovery doesn’t mean that markets have returned to the bull phase. Downside risk for the Indian markets cannot be ruled out in the near term, given uncertainty across the globe. The Sensex on Friday skyrocketed over 4,715 points from its intra-day low and closed with a gain of 1,325 points, or 4.04 per…

Bitcoin Slumps To Lowest In A Year As Volatility Grips

Bitcoin plummeted to its lowest in almost a year on Friday before rebounding sharply, as coronavirus panic selling hit asset classes across global markets. In highly volatile trading, bitcoin fell over 20% to around $3,850 in overnight trading, its lowest since March last year, before clawing back some of its losses. It was last up…

Indian Rupee dropped to a record lower

Reportedly the indian rupee dropped to a record low on friday, weighed down by worries over the coronavirus pandemic that has prompted investors to dump riskier assets and move towards safe havens. The dollar stood tall on friday as investors scrambled for the world’s most liquid currency amid deepening panic while the euro nursed losses…

Indian Rupee dropped to a record lower

Reportedly the indian rupee dropped to a record low on friday, weighed down by worries over the coronavirus pandemic that has prompted investors to dump riskier assets and move towards safe havens. The dollar stood tall on friday as investors scrambled for the world’s most liquid currency amid deepening panic while the euro nursed losses…

PVR cinemas shut shop in Delhi, Kerala, Jammu till March 31

Central government has advised to keep multiplexes shut till the end of the month New Delhi: Amid growing concerns with respect to Covid-19 coronavirus pandemic, multiplex chain PVR cinemas on Thursday announced that all their cinema halls in Kerala, New Delhi and the Union Territory of Jammu and Kashmir will remain shut till 31st March. This…

Fears rise for world leaders as officials test positive for virus

Even as governments around the world struggle to contain the coronavirus pandemic, many officials are themselves falling victim to the pathogen, undermining global efforts to address the crisis. Prime Minister Justin Trudeau of Canada put himself in isolation after his wife tested positive, and a number of other senior officials from Britain to Iran to Australia were…