Coronavirus latest update: Globally, over 134,768 cases have been reported among which over 4,973 people have died
COVID19: Indian market on Friday hit the lower circuit for the first time in 12 years after 2008 crisis as concerns about the Coronavirus threatening global economic growth spurred foreigners to cut their holdings of local assets. India halted stock trading as benchmark indexes plunged at the open, and the rupee weakened to a record low. The S&P BSE Sensex tumbled 9.4% to 29,687.52 within minutes after trading began on Friday, while the NSE Nifty 50 Index sank 10% setting off a market-wide circuit breaker that halted trading for 45 minutes. It is India’s first such suspension since May 2009. The rupee fell 0.4% to 74.50 per dollar, an all-time low.
Japan’s equity market was also in panic mode as the benchmark Nikkei Stock Average plummeted over 10 per cent following the crash in US stocks, where the Dow closed down 9.9% for its biggest loss since Black Monday in 1987. Meanwhile, India recorded its first Coronavirus-linked death in Karnataka, as the number of positive cases soared to 79. The Delhi government announced several preventive measures to contain its spread like shutting down schools, colleges and cinema halls in the national capital. Similar steps were taken by Uttarakhand and Manipur. The Union health ministry confirmed that a 76-year-old man from Kalaburagi in Karnataka, who died on Tuesday, was infected with coronavirus.
Seventeen fresh cases have been reported from several states, including nine from Maharashtra, the Union health ministry said on Thursday. Earlier, PM Modi in a tweet announced foreign travel ban for all ministers as Air India suspended flights to Kuwait and curtailed flights to Italy, Spain and France till April 30..
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