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Investors Lose Rs 7 Lakh-Crore As Sensex, Nifty Log Steepest-Ever Fall

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Investors Lose Rs 7 Lakh-Crore As Sensex, Nifty Log Steepest-Ever Fall Follow us on: RNI No. APENG/2018/764698 @TheDailyPioneer facebook.com/dailypioneer Established 1864 Published From ANALYSIS 7 MONEY 8 SPORTS 11 VIJAYAWADA DELHI LUCKNOW TREES GIVE LIFE TO NO IMPACT ON CURRENT ORDER BENGAL STRIKE LATE BHOPAL RAIPUR CHANDIGARH LIFE-GIVING GANGA BOOK, REVEALS WELSPUN CORP TO EDGE AHEAD BHUBANESWAR RANCHI DEHRADUN HYDERABAD *Late City Vol. 2 Issue 129 VIJAYAWADA, TUESDAY MARCH 10, 2020; PAGES 12 `3 *Air Surcharge Extra if Applicable SHRUTI SET FOR A HAT-TRICK WITH PK? { Page 12 } www.dailypioneer.com I HOPE IT'S A GIRL: KATY AUSSIE WATCHDOG SUES FB OVER THAMBIDURAI, MUNUSAMY BOTH VIRALITY, FATALITY RATE OF PERRY ON HER PREGNANCY CAMBRIDGE ANALYTICA BREACH AIADMK CANDIDATES FOR RS COVID-19 OVERSTATED: ELON MUSK inger Katy Perry, who is expecting her first baby ustralia's privacy watchdog announced legal action against Facebook amil Nadu's ruling All India Anna Dravida Munnetra Kazhagam fter his controversial tweet that the "coronavirus panic is dumb", Swith actor Orlando Bloom, hopes to give birth to AMonday for alleged "systematic failures" exposing more than 300,000 T(AIADMK) on Monday announced former state minister KP ATesla CEO Elon Musk has made an attempt to explain why he thinks a girl. The singer, who opened the final of the ICC Australians to a data breach by Cambridge Analytica. The Office Munusamy, Propaganda Secretary M Thambidurai as its so. In his replies to a Twitter user, Musk on Sunday said Women's T20 World Cup here on Sunday, shared of the Australian Information Commissioner said it had initiat- candidates for the Rajya Sabha polls on March 26 in the that both the virality of the novel coronavirus (COVID- her wishes with the crowd. "I hope it's a girl," Perry ed proceedings against the tech giant and that Facebook com- state. The party also allotted one Rajya Sabha seat to 19) and fatality rate are overstated. "Virality of C19 is told the crowd of over 80,000 at the post game mitted "serious and/or repeated interferences with privacy". former Union Minister and Tamil Maanila Congress chief overstated due to conflating diagnosis date with performance while singing her hit "Wide Awake". The commission alleges the personal information of Aus- GK Vasan. The announcement was made by AIADMK contraction date & over-extrapolating exponential This will be the first child for Perry. Bloom, 43, tralian Facebook users was disclosed without their permi- Coordinator and Deputy Chief Minister O growth, which is never what happens in reality. Keep shares nine-year-old son Flynn with his ex-wife, ssion to an app called "This Is Your Digital Life", which then Panneerselvam and Joint Coordinator and Chief extrapolating & virus will exceed mass of known model Miranda Kerr. sold the data to political consulting firm Cambridge Analytica. Minister K Palaniswami in a joint statement here. universe," the Tesla CEO reasoned. Jagan fulfils Ambani’s wish, MARKET MAYHEM The Pioneer wishes its sends Parimal to Rajya Sabha Investors lose Rs 7 lakh-crore as readers, advertisers, suppliers and agents a colourful Holi As our Mopidevi, Bose, Ayodhya Rami Reddy too in list offices will remain Sensex, Nifty log steepest-ever fall closed today L VENKAT RAM REDDY n n (10-03-2020), there HYDERABAD PNS MUMBAI The m-cap of BSE-listed companies stood at Rs will be no issue of the YSRCP supremo YS Jaganmo- In their biggest ever single-day 1,44,31,224.41 crore at the US STOCKS PLUNGE ALMOST 6 PC paper tomorrow han Reddy on Monday fulfilled drop in absolute terms, the end of trading on Friday. (11-03-2020). the wish of Reliance Industries BSE Sensex crashed over 1,941 Traders believe mounting TRIGGERING HALT TO TRADING — RESIDENT EDITOR Ltd chairman Mukesh Ambani points and the NSE Nifty fear of recession in major S stocks plunged almost 6%, whipsawing back from losses that by nominating his friend and tumbled 538 points as no let- economies due to the outbreak Utopped 7% and triggered a trading halt, as a full-blown crude industrialist Parimal Nathwani up in coronavirus spread price war rattled financial markets already on edge over the to the Rajya Sabha from AP. and massive crude oil spreading coronavirus. Treasury yields plummeted, oil sank more It may be recalled that plunge fuelled global than 30% and credit markets buckled. The S&P 500 is now down Mukesh Ambani, accompa- recession fears. 18% from its Feb. 19 all-time high, threatening to end the record- nied by Nathwani, had met Pilli Subhash Chandra Bose Mopidevi Venkataramana Investor wealth plum- long bull market that began 11 years ago to the day. NYSE circuit Jagan on February 29 at his meted by nearly Rs 7 lakh breakers halted trading for 15 minutes at 9:34 a.m. in New York, in Tadepalli residence in crore on Monday as equity a move designed to limit panic. The next circuit breaker will trip if Vijayawada and made a per- markets crashed tracking glob- losses reach 13%. sonal request in this regard. al equity sell-off amid mount- Jagan, who had sought time ing fears of an economic slow- to take a decision, finally down due to the coronavirus has sent equities into a down- approved Ambani's request. outbreak. ward spiral. RIL suffers biggest There are four vacancies Market capitalisation (m- The overall confirmed cases from AP for which elections cap) of the BSE-listed compa- on the mainland reached single-day loss will be held on March 23. Since nies saw a massive decline 80,735 by the end of Sunday the YSR Congress Party has after the Sensex plunged over which included 3,119 people hares of companies engaged 152 of the 175 MLAs in the AP 2,467 points during the day, the who have died so far, 19,016 Sin crude oil exploration Legislative Assembly, the party Ayodhya Rami Reddy Parimal Nathwani 30-share index settled 1,941.67 patients undergoing treatment business fell sharply after crude winning all the four seats points or 5.17 per cent lower at and 58,600 patients discharged, oil prices crashed in international hands down is a foregone con- 35,634.95. Likewise, the NSE China's National Health markets. clusion. Parimal's tweet creates buzz Nifty slumped 538 points or Commission (NHC) said. The operator of world's largest Nominate Jagan also finalised the 4.90 per cent to close at Meanwhile, oil prices crude oil refining facility at names for the remaining three HYDERABAD: Parimal Nat- ering me as their Rajya Sabha 10,451.45. plunged nearly 30 per Jamnagar and operator of KG-D6 Piyanka Gandhi seats on Monday. hwani's tweet thanking YS candidate from Andhra The carnage wiped cent to USD 32.11 per basin in Krishna Godavari basin - from MP, He has nominated two of his Jaganmohan Reddy, created a Pradesh. I am committed to out investor wealth worth barrel after Saudi Arabia Reliance Industries - slumped as Cabinet ministers Mopidevi lot of buzz in political circles. serve the people of Rs 6,84,277.65 crore, taking launched a price war in much as 13.65 per cent, its demand 1,941 biggest single-day fall in at least Venkata Ramana and Pilli Nathwani tweeted, "I sincere- #AndhraPradesh. the total m-cap to Rs response to a failure by lead- Congress leaders Subhash Chandra Bose, who ly thank Hon'ble Chief @PMOIndia @narendramodi 1,37,46,946.76 crore on the ing producers to strike a deal 10 years, to hit an intra-day low are both MLCs, to Rajya Sabha. Minister Sh @ysjagan and his @AmitShah #RajyaSabha". BSE at the end of Monday's to support energy markets. of 1,096.65, data from BSE showed. 5 3 party@YSRCParty for consid- 3 trading session. 3 Dokka dumps In Leh, man dies of suspected K’taka hunts TDP to join for man with YSRCP coronavirus; cases rises to 45 symptoms PNS n VIJAYAWADA Three-yr-old from Kerala among those infected PNS n MANGALURU Ahead of the local body elec- A search is on for a man who tions in Andhra Pradesh, the PNS n SRINAGAR ment involving his pancreas opments authorities have arrived in Karnataka's Telugu Desam Party received and other vital organs. closed all schools up to the Mangaluru from Dubai on Karin Christina Maria Stoll, Consul-General at German Consulate in Chennai a big jolt with the resignation Authorities on Monday sealed "We have sent the samples higher secondary level in Leh Sunday evening with symp- meets Chief Minister YS Jaganmohan Reddy at his residence in Tadepalli on of senior politician, former a village in Leh district of of the deceased for coron- town till March 31. toms linked to coronavirus Monday. REPORT ON PAGE 3 minister and opposition Ladakh region after a pilgrim avirus test and the results are Meanwhile, a 60-year old but skipped a hospital visit leader Dokka Manikya Vara who had visited Iran died in still awaited", said the super- lady who returned to Jammu for tests. Prasad. the hospital of suspected coro- intendent of the hospital from Iran on February 23 Given the worldwide scare Clear fee sop dues Earlier in January, Dokka navirus infection while a lady where the patient died on tested positive for the dread- over coronavirus or Covid 19 had resigned from the also tested positive for Sunday. ed virus on Monday. and the restrictions in place Legislative Council, citing the dreaded virus in Two persons who "The lady has been under- at airports, the man was Infosys asked by March 30: Jagan personal reasons.
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