<p>The Indian government and financial regulators will take necessary steps to calm markets gripped by fears over coronavirus, the government's chief economic adviser Krishnamurthy Subramanian said on Friday.</p>.<p><strong><a href="https://www.deccanherald.com/business/business-news/markets-live-sensex-above-1000-points-nifty-approaches-10000-mark-811053.html">Follow live updates on the stock markets here</a></strong></p>.<p>"Government and regulator will be responding when it will be necessary," Subramanian told reporters in response to a question if the government planned relief measures to tackle a rout in the stock market and the rupee currency.</p>.<p>Trading on the exchanges hit a "circuit breaker" a few minutes into Friday's session - the first time since 2009 - as widespread panic over the coronavirus pandemic gripped global markets. Indian indexes swung wildly after the markets resumed trading at 0450 GMT.</p>.<p>The rupee, which earlier fell to a record low of 74.5075 against the dollar, also reversed some losses. </p>
<p>The Indian government and financial regulators will take necessary steps to calm markets gripped by fears over coronavirus, the government's chief economic adviser Krishnamurthy Subramanian said on Friday.</p>.<p><strong><a href="https://www.deccanherald.com/business/business-news/markets-live-sensex-above-1000-points-nifty-approaches-10000-mark-811053.html">Follow live updates on the stock markets here</a></strong></p>.<p>"Government and regulator will be responding when it will be necessary," Subramanian told reporters in response to a question if the government planned relief measures to tackle a rout in the stock market and the rupee currency.</p>.<p>Trading on the exchanges hit a "circuit breaker" a few minutes into Friday's session - the first time since 2009 - as widespread panic over the coronavirus pandemic gripped global markets. Indian indexes swung wildly after the markets resumed trading at 0450 GMT.</p>.<p>The rupee, which earlier fell to a record low of 74.5075 against the dollar, also reversed some losses. </p>