The international rating agency, Moody’s Investor Services said that it has placed JSW Steel Limited’s rating under review for downgrade on the back of the company’s severe exposure to the ongoing Coronavirus outbreak and its subsequent fall in steel demand.

The global economy is expected to shrink by 3.0 per cent during 2020 due to Coronavirus-driven collapse of activity. This will mark the steepest downturn since the Great Depression of 1930s as per International Monetary Fund (IMF)

On Wednesday, Sensex closed down by 1.01 per cent, which is 310.21 points to be at 30,379.81 levels. Nifty also fell by 0.76 per cent which is 68.55 points to 8,925.30 levels. The morning session had witnessed Sensex rising over 700 points along with Nifty, gaining by more than 200 points as global peers were positive.

Since the beginning of Coronavirus pandemic, companies belonging to either aviation or tourism as well as hotel industry have seen a major downfall with lockdowns forcing them to suspend their business activities.

Solar design & engineering company, Gensol Engineering Ltd, announced that the company has recently won tenders from a few reputed clients.

The market opened in the green on April 15, 2020. The previous trading session witnessed the Sensex going down by 1.5 percent to end at 30,690.02 and the Nifty was down 1.3 percent to close at 8,993.

The market opened in the green on April 15, 2020. The previous trading session witnessed the Sensex going down by 1.5 percent to end at 30,690.02 and the Nifty was down 1.3 percent to close at 8,993.

The market opened in the green on April 15, 2020, overall volumes in futures & options currently stand at 1.18 crore contracts with a turnover of Rs. 6,27,016.11 crore.

Hindalco announced that the company’s wholly-owned subsidiary Novelis Inc. has completed the acquisition of US-based rolled products major, Aleris Corporation. Post this development, the stock of the company gained by nearly five per cent.

The market opened in the green on April 15, 2020, overall volumes in futures & options currently stand at 1.18 crore contracts with a turnover of Rs. 6,27,016.11 crore.