Pmi
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Oil prices fall on US-China tensions, weak factory data; crude inventories likely to increase in coming weeks
•While global oil demand is expected to recover modestly from April lows as countries ease some lockdown measures, the glut created over months in storage facilities will loom over the markets.
Markets end in red: Sensex plummets 2,002 points, Nifty suffers heavy loss of over 560 points; ICICI Bank top loser
Fp Staff •Sensex plunged 5.94 percent or 2,002 points on Monday, tracking massive selloffs in global markets amid rising US-China tensions.
Cornavirus Outbreak: India's manufacturing sector activity hits record low in April due to lockdown, says PMI survey
•The country's manufacturing sector activity witnessed an unprecedented contraction in April amid national lockdown restrictions, following which new business orders collapsed at a record pace and firms sharply reduced their staff numbers, a monthly survey said on Monday
Pandemic throws global economy into deeper decline; govts, central banks around world unleash fiscal support to tide over crisis
•Separate data on Thursday showed South Korea’s trade-reliant economy, Asia’s fourth-largest, shrank at its fastest pace since 2008 as self-containment measures kept shops closed and slumping global demand hurt exports.
March services activity contracts; new business, export demand fall as coronavirus disruptions continue to hit global economy
•A manufacturing survey last week showed a cooling in growth which combined with a contracting services sector dragged the composite PMI to a five-month low of 50.6 last month.
India's manufacturing activity weakens in March, business sentiment sinks to record low on coronavirus concerns: PMI
•The country's manufacturing sector activity grew at the slowest rate in four months during March, hampered by softer rises in new business as international demand faltered owing to the coronavirus pandemic, a monthly survey said on Thursday
Asia's factory activity plunges as coronavirus shock deepens; Japan, South Korea witness sharp fall in exports
•Factory activity contracted sharply across most of Asia in March as the coronavirus pandemic paralyzed economic activity across the globe, with sharp falls in export power-houses Japan and South Korea overshadowing a modest improvement in China
Sensex soars over 400 points; Nifty nears 11,400-markt as central banks across globe prepare to combat economic pressure of coronavirus
Fp Staff •HUL, HCL Tech, Tata Steel, Nestle India, TCS and Asian Paints were among the top gainers, while ICICI Bank, L&T, PowerGrid, NTPC and Reliance Industries were trading in the red in opening session
India's unemployment rate at record high since October 2019, soars to 7.78% in February; coronavirus outbreak hits business sentiment: CMIE
Fp Staff •The economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration in employment
Budget overhang, RBI policy, third quarter earnings to decide market course this week; investors disappointed: Analysts
•Giving a thumbs down to the Budget, the market benchmark Sensex logged its biggest single-day plunge in more than a decade on Saturday after Budget presentation.