Mylab discovery solutions Pvt. Ltd.

Pune based company developed first made in India Coronavirus testing kit.

A Pune based company Mylab discovery solutions Pvt. Ltd. developed India's first Covid-19 testing medical kit. The kit costs around ₹80,000. Company claims that this kit can test upto 1 lakh. Patient every week. The product get the commercial right which means they can sell their product.

On 27th March, Sensex closes at 29,815.59 loss 131.18 points whereas Nifty closes at 8660.25 gain 18.80 points.

Dollar falls to Rupees

The Indian rupee open at 76.0 against the US dollar. If we compare it with Monday's close then the results are good. 

These are the stocks that need your focus

State Bank of India on Monday stated that it has made payment of yearly interest to bondholders of Basel III-compliant additional tier-1, or AT1, bonds. Indiabulls Housing Finance, Jubilant Foodworks, IndusInd Bank and Omax Autos are other stocks that may be under the limelight of brokers and shareholders.

All Asian shares are rising at a pace

Asian stock market is performing better with Japan's Nikkei 225 increasing 6.7%, while Hang Seng index in Hong Kong gaining nearly 4% in morning deals. Shanghai Composite index in China was up nearly 2% and Korea's Kospi index traded 6.5% higher. SGX Nifty, which indicates the movement for Indian stocks, jumped more than 5% in early deals.

Dow Jones, S&P 500 suffer 3% cutoff each

The Dow Jones Industrial Average tumbled 3.04% to end at 18,591.93 points, while the S&P 500 lost 2.93% to close Monday's session at 2,237.4. The Nasdaq Composite dropped 0.27% to 6,860.67, its overall decline cushioned by a 3.07% rise in
The S&P 500 has experienced a $9 trillion wipe out to its value since the benchmark index hit a record high last month. The index is down about 34% from its February record high, according to a Reuters report.

US stocks' fall, Coronavirus affecting US stock market.

Benchmark US Stock market on Monday continued their downward spiral as an remarkable move by the US Federal Reserve to shore up credit across the economy proved insufficient to verity investor's fear about the rapidly-spreading coronavirus. After recently cutting interest rates to near zero, the Federal Reserve will now lend against student loans and credit card loans, as well as back the purchase of corporate bonds and make direct loans to companies.

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