Asian shares

Meanwhile, Asian shares were up and oil prices hit a five-week peak as countries' efforts to re-open their economies raised hopes that the world could soon emerge from recession.

That cast doubts over efforts to lower COVID-19 related restrictions across the country as businesses restart and individuals went back to work.

US crude skidded by 14.24 per cent to 10.96 dollars a barrel while Brent crude fell by 4.05 per cent to 19.18 dollars per barrel.

At 10:15 am, the BSE S&P Sensex was up by 675 points or 2.15 per cent at 32,002 while the Nifty 50 edged higher by 188 points or 2.06 per cent at 9,343.

MSCI's broadest index of Asia Pacific shares outside Japan was down by 1.3 per cent while Japan's Nikkei stock index slid by 2.29 per cent.

IT major HCL Technologies was up by 2.5 per cent while Tata Consultancy Services and Wipro gained 1 per cent each.

Iran, Saudi Arabia, Kuwait, Iraq, Turkey and Afghanistan imposed travel and immigration restrictions as fears mounted that the coronavirus outbreak in China will grow into a pandemic with deadly consequences for countries around the world.

Yes Bank slipped by 1.5 per cent after the National Stock Exchange (NSE) said it will cease to be a part of Nifty 50 index from March 27.

Bharti Infratel, Britannia and ITC too traded with a negative bias. However, GAIL, Bharti Airtel, Eicher Motors and UltraTech Cement gained by thin margins.

ONGC lost by 2.76 per cent after reporting 44 per cent decline in third quarter net profit at Rs 5,384 crore. The other prominent losers were Bharat Petroleum Corporation, IndianOil Corporation, Coal India, Cipla, Adani Ports and Bajaj Finserv.