At the same time, oil prices plunged almost 30 per cent after Saudi Arabia slashed its official selling price with plans to raise its production significantly after the collapse of OPEC's supply cut agreement with Russia.
European and US stocks had suffered their biggest loses since mid-2016 on Monday amid fears that coronavirus was morphing into a pandemic which could cripple global supply chains and inflict greater economic damage than first thought.
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.
However, Zee Entertainment jumped by 4.9 per cent to Rs 298 per share while Grasim moved up by 2.6 per cent. IT majors Tata Consultancy Services, HCL Technologies and Infosys witnessed marginal gains.
Infosys was the top loser at Rs 640 per share -- down by 16.65 per cent -- a day after an anonymous group calling itself 'ethical employees' alleged in a letter to the board of Infosys and the US Securities and Exchange Commission (SEC) that the company is taking unethical steps to boost short-term revenue and profits.
The other prominent winners were IndusInd Bank, Bajaj Finance, State Bank of India, UltraTech Cement and Titan. All of them saw gains ranging between 8.7 to 10.7 per cent each.
District officials have been directed to suspend all the boating services in the region immediately and check for the license of the boats.The Chief Minister has also asked for a complete report on the incident.
The fire broke out at around 6:30 am in the morning following which fire fighting teams were pressed into action to douse the flames.
Three labourers injured in the fire at the ONGC plant have been admitted to a hospital.
Petroleum engineering is quickly picking up amongst engineering aspirants. As petroleum engineer, you are involved in developing technology that is used for extracting oil and gas from earth’s surface.