Indian shares touched three-week lows on Monday, hammered by losses in IT stocks after Infosys crashed 9% on missing March-quarter profit estimates, while inflation concerns globally also weighed on investors' sentiment.

The NSE Nifty 50 index fell 1.89% to 17,142.50, as of 0445 GMT, while the S&P BSE Sensex slid 2.15% to 57,089.44. In a holiday truncated week, both indexes logged weekly losses of more than 1.5% each, last week.

Russia's forces have destroyed an ammunition plant in Ukraine's Kiev region, the Russian Defence Ministry said.

During the night, high-precision air-based missiles destroyed an ammunition factory near Brovary (city) in the Kiev region, Ministry Spokesman, Igor Konashenkov told a daily briefing on Sunday.

Pakistan Prime Minister Shehbaz Sharif has written a letter to his Indian counterpart, Narendra Modi urging for maintaining meaningful bilateral ties between the two neighbouring countries, media reports said.

Sharif's letter on Sunday comes in response to the congratulatory message sent by Modi earlier in the day in which the latter said India supported constructive ties with Pakistan.

A group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on the case.

Lawyers for stockholders of the Austin, Texas-based company also say in court documents that the judge in the case has ruled that Musk's tweets about having funding secured to take Tesla private were false, and that his comments also violate a 2018 court settlement with U.S. securities regulators in which Musk and Tesla each agreed to pay USD 20 million fines.

North Korea said Sunday it has successfully test-fired a newly developed tactical guided weapon, the latest in a spate of launches that came just after the country passed its biggest state anniversary without an expected military parade, which it typically uses to unveil provocative weapons systems.

The latest testing activity came amid concerns that North Korea may soon conduct a larger provocation like a nuclear explosive test in an effort to expand the country's nuclear arsenal and increase pressure on its rivals amid stalled diplomacy.

Sri Lanka's largest business group Ceylon Chamber of Commerce has opposed a decision by the Securities and Exchange Commission (SEC) to close the stock market for five working days.

By shutting down the stock market, potential sellers are prevented from exiting the market at the time and price of their choice, and potential buyers are prevented from acquiring shares, the Chamber said on Sunday.

The price of 10 gram of 24-carat gold remained unchanged on Monday at Rs 54,060, while silver (per kg) went Rs 5,100 cheaper to trade at Rs 69,100.

Ten gram of 22-carat gold is trading at Rs 49,550. The price of 10 gram of 24-carat gold in Delhi and Mumbai stood at Rs 54,060. Ten gram of 22-carat gold in Mumbai and Delhi is trading at Rs 49,550.

The depleting coal inventory of domestic thermal power plants has prompted public sector power engineers to warn of an impending energy crisis in 12 states. According to All India Power Engineers Federation chairman Shailendra Dubey, the power crisis could worsen owing to the low coal stock to fire thermal power units.

“The coal crisis is being witnessed in 12 states once again after October 2021,” he said, adding that in the first fortnight of April 2022, domestic power demand hit a 38-year high for the month.

Commuters in Delhi may face problems as various unions of auto, taxi and mini bus drivers have decided to go on strike on Monday.

The unions have been demanding hike in fare rates and slashing of CNG prices.

While most unions said they will be on one-day strike, the Sarvodaya Driver Association Delhi, which has members who drive for cab aggregators, said it will go an "indefinite" strike from Monday.

The global coronavirus caseload has topped 503.5 million, while the deaths have surged to more than 6.19 million and vaccinations to over 11.16 billion, according to Johns Hopkins University.

In its latest update on Saturday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 503,503,651 and 6,195,515 respectively, while the total number of vaccine doses administered has increased to 11,163,943,559.

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