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Markets may extend losses on weak cues from Asian peers; Reliance in focus

Usa India covid-19 pandemic economy Government
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Indian stock markets are likely to extend losses in Wednesday’s trading session tracking weakness in Asian peers. Trends in the SGX Nifty suggest weak opening for Indian equity indices.

Asian stocks were dropped in the early deals as the floor fell out from under US crude prices, exposing the deep damage the covid-19 pandemic has had on global economic demand.

Skittish investors sought the safety of government debt and even dumped safe-haven gold as Brent oil futures plunged for a second day, fueled by a swelling global crude glut.

The collapse in US crude prices has given fresh urgency to bearish voices who say it sounds alarm bells for global growth and are bracing for a catastrophic collapse in asset prices as the covid-19 pandemic

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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