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Equity benchmark Sensex plummeted over 1,400 points in opening session on Friday led by massive selloff in global stocks as volatility peaked amid rising concerns over the economic strain of the coronavirus outbreak. The rupee too depreciated 53 paise to 73.86 against the US dollar in morning session.Incessant foreign fund outflow also spooked market participants, traders said.After sinking 1,459.52 points in early trade, the 30-share index was down 1052.33 points, or 2.74 per cent, at 37,418.28, and the NSE Nifty plunged 318.30 points, or 2.82 per cent, to 10,950.70. In…

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Equity indices resumed their downward march on Wednesday as domestic investors were spooked by a sudden spike in coronavirus cases in India. The government on Wednesday said 28 Covid-19 cases have been detected in the country so far, up from six as of Tuesday. This includes a group of 16 Italian tourists and their Indian driver. Meanwhile, Union minister Prakash Javadekar said the government is proactively engaged in dealing with coronavirus, and the Prime Minister is monitoring the situation everyday. After gyrating over 945 points during the day, the 30-share…

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The Indian rupee appreciated by 33 paise to 72.43 against the US dollar in early trade on Tuesday tracking positive opening in domestic equities. At the interbank foreign exchange the rupee opened at 72.50, then gained further ground and touched a high of 72.43 against the US dollar, registering a rise of 33 paise over its previous close. The domestic currency, however, could not hold on to the gains and was trading at 72.64 against the American unit at 1002 hrs. On Monday, rupee had settled at 72.76 against the…

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