Indian rupee weakened against US dollar on Thursday, tracking worsening rout in world markets after World Health Organisation (WHO) declared the new Coronavirus (COVID-19) a pandemic that flared up fears of a global economic recession.

Coronavirus outbreak has hit the global markets severely with expected massive disruption in the global demand and supply balance. As the sell-off in markets continued today i.e. on March 12, 2020, Sensex tanked by more than 7.29 per cent or 2,601.47 points to the level of 33,095.93. It is one of the lowest levels that the index has reached in the past 24 months. For the first time since September 2017, Nifty 50 index breaches 9,700 with a fall of more than seven per cent or 761 points at 9,697.40 levels, the lowest in 32 months.

The market opened in the red on March 12, 2020, overall volumes in futures & options currently stand at 2.23 crore contracts with a turnover of Rs. 14,25,247.04 crore.

Bandhan Bank has opened 125 banking outlets across 15 states. The bank already has a strong network, comprising 1,010 branches, which now stands at 1,013. With a network of 3,206 banking units and 195 home loan service centres that are operating in the country now, the total number of banking outlets now stands at 4,414

NHPC Ltd informed that it has raised Rs 500 crore through issuance of bonds on private placement basis. It also informed that it has signed a pact with CCI to meet cement requirements of its Dibang Multipurpose Project. 

The market opened in the red on March 12, 2020, overall volumes in futures & options currently stand at 2.23 crore contracts with a turnover of Rs. 14,25,247.04 crore.

The market opened in the red on March 12, 2020. The previous trading session witnessed the Sensex going up by 62.45 points to end at 35,697.40 and the Nifty was up by 6.95 points to close at 10,458.40.

The market opened in the red on March 12, 2020. The previous trading session witnessed the Sensex going up by 62.45 points to end at 35,697.40 and the Nifty was up by 6.95 points to close at 10,458.40.

The 14-period RSI is deeply oversold and considering the oversold nature of the index can trigger a technical pullback. Also, ADX value has reached around 41-mark and has turned exactly from this mark like it did earlier, in the month of June and August 2019. Stocks in news: Biocon, Hikal, Canara Bank, SMS Pharmaceuticals, SH Kelkar.

Global markets are reeling under an intense selling pressure as WHO declares Coronavirus outbreak as pandemic and US President Donald Trump said that US will suspend all travel from Europe to US for 30 days and this will come into effect on Friday midnight.