Also, the overall market performance measure All-Share Index (ASI), which tracks the general market movement of all listed equities on the Exchange, declined by 20.73 per cent to close at 26,867.79 points in the first three months of the year.

Also, the sector performance was bearish as all indices closed the period on decline as at March 27, 2020. NSE Consumer Goods index depreciated the most by 44.84 per cent while NSE Banking index followed with a decline of 30.64 per cent, as NSE 30 index shed 23.03 per cent.

Others are NSE Pension, Oil and Gas, Lotus 11, Premium Board, Insurance and Industrial Goods, which went down by 20.30 per cent, 19.44 per cent, 15.49 per cent, 12.69 per cent, 6.14 per cent and 3.21per cent in that order.

The global pandemic, coronavirus now popularly referred to as COVID-19, has virtually “afflicted” many stock markets and devastated economies across the globe, whether developed or developing.

2020 has been a whirlwind for the global oil market, following the outbreak of the virus, which has hampered oil demand from one of the largest consumers of oil, China represent 13.1 percent of world demand.

With the virus spreading across other key demand regions, Europe (14.4 per cent) and United States (20.9 per cent), the outlook for oil prices is weak.

While relation among the Organisation of Petroleum Exporting Countries (OPEC+) was meant to provide support for falling oil prices, a failed agreement turned into a full-blown price war, with major oil producers offering significant discounts on their April Official Selling Prices

VON