Economic fallout from pandemic continues in Asia

On Wall Street overnight, stocks plunged to close out their worst quarter since the most harrowing days of the 2008 financial crisis

Sensex plunges over 700 pts; Nifty drops below 8,400

Starting the new financial year on a negative note, the 30-share BSE barometer was trading 714.74 points or 2.43 per cent lower at 28,753.75

ITC was the top gainer in the Sensex pack, rallying over 7 per cent, followed by Reliance Industries, ONGC, Tata Steel, Tech Mahindra

At the interbank foreign exchange the rupee opened at 75.52, then gained ground and touched 75.51, registering a rise of 8 paise

Tata Steel, HDFC, Axis Bank, M&M, Reliance Industries, ONGC, ITC, HCL Tech and Titan rallied up to 3 per cent

After another rally on Wall Street, which saw all three main indexes jump more than three percent, Asia picked up the baton

Oil markets have plunged as governments across the planet introduce lockdowns to stem the spread of the virus

Bajaj Finance was top in the Sensex pack, tanking nearly 12 per cent, followed by HDFC twins, Tata Steel, ICICI bank, Kotak Bank and Maruti

Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown

Bajaj Finance was the top laggard in the Sensex pack, tanking up to 8 per cent