Sensex, Nifty Live News Today: All the indices in Asian counterparts turned red, with Nikkei and Kospi dropping the most after the OPEC+ decided to cut 20% global supply of oil to curb fall in price amid virus outbreak.

Global fuel demand has plunged by around 30 million bpd, or 30% of global supplies, as steps to fight the virus have grounded planes, cut vehicle usage and curbed economic activity

Sensex, Nifty Live News Today:  FTSE and CAC  in Europe fell over 1%, followed 0.50% decline in DAX. SGX Nifty was also trading 1% lower, while Dow Jones Futures traded flat.

Sensex, Nifty Live News Today: In March month, Sensex and Nifty have declined by 25%. The coronavirus is guaranteed to throw the world into recession, and economists are becoming less convinced about the potential for a strong snapback in growth.

Economists had initially anticipated a V-shaped recovery for China's economy, similar to that seen after SARS epidemic in 2003. But analysts have since slashed their forecasts to levels not seen since the Cultural Revolution ended in 1976

Brent crude was down $2.89, or 8.5%, to $30.96 a barrel by 1012 GMT. The front-month price had risen $1 earlier in the session.

US President Donald Trump on Monday said he will be taking \"major\" steps to gird the US economy against the impact of the spreading coronavirus outbreak and will discuss a payroll tax cut with congressional Republicans on Tuesday

Share Market update: Sensex closes 1,941 points or 5.17% lower at 35,634, Nifty falls 5% to 10,451.

Looking ahead, US crude inventories are expected to fall by about 3.2 million barrels in the week to December 27, heading for a third consecutive weekly fall

Aramco stock will become part of Tadawul index by next week and global benchmarks such as MSCI and FTSE later this month

Diesel accounts for about two-fifths of refined fuel demand in India, which has grown by its slowest pace since fiscal year 2014 this year amid tight credit markets, contracting auto sales and slowing rail and air traffic

The PMI index rose to 51.8 in November from 51.7 in the previous month. That marked the fastest expansion since December 2016, when it was 51.9

The decline in Maruti's sales just when it looked like the worst was over in October, adds to the narrative of a deepening slowdown in the overall Indian economy now inching towards a recession

India, the world's third-biggest oil importer, shipped in 4.56 million barrels per day (bpd) of oil in October, about 3.3% less compared with a year ago, data showed

The SBI report has also cut GDP forecast for FY20 to 5 per cent from 6.1 per cent earlier, but expects growth rate to pick up pace in FY21 to 6.2 per cent

Benchmark indices extended their dream run on the expiry of October futures and options contracts, with BSE Sensex ending 77.18 points higher at 40,129 and the NSE Nifty closing 33.35 points higher at 11,877.45.

China's GDP rose just 6.0% year-on-year, marking a further loss of momentum for the economy from the second quarter's 6.2% growth

The world's third biggest crude oil importer shipped in about 1.32 million barrels per day (bpd) of Iraqi oil last month, about a third more than July and 29% higher than August 2018, the data showed.

Investors switched to go short on Indonesia's rupiah, the Indian rupee, Malaysia's ringgit and the Philippine peso, a poll on Wednesday showed, before equities worldwide crumbled after an inverted US bond yield curve ramped up fears of a global recession