Bengaluru (PTI): Union Minister of State for Petroleum and Natural Gas Suresh Gopi has held discussions with ISRO regarding the use of space technology-based inputs for analysing the flood risk associated with the Mullaperiyar and Idukki dams in Kerala.

The MP from Kerala, who is also the Minister of State for Tourism, on Tuesday met ISRO Chairman Somanath S at Antariksh Bhawan here, the space agency said.

In light of increasing incidents of extreme weather events across the country, the Minister expressed the view that there is an urgent need to evaluate the worst-case flood scenario linked to these dams, it said.

According to ISRO, Somanath assured ISRO’s support in making space-based inputs, such as high-resolution terrain data, available to researchers engaged in flood modeling to assess probable inundation and identify potential rehabilitation areas.

He also suggested developing a prototype solution integrating flood risk with rescue and rehabilitation planning, along with satellite communication capabilities, it said, adding, capacity building on the role of space-based support for disaster management was also suggested.

Gopi stressed the need to study the extent and nature of siltation in the dams and evaluate the possible utilisation of the sludge to support local industries.

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Mumbai (PTI): Stock market benchmark indices went into a tailspin in early trade on Monday, with the Sensex and Nifty crashing over 5 percent, mirroring a sharp fall in global equities, after US President Donald Trump's tariff hikes and retaliation from China fanned fears that a full-blown trade war will impact economic growth across the globe.

The 30-share BSE benchmark Sensex crashed 3,939.68 points or 5.22 percent to 71,425.01 in early trade. The NSE Nifty tumbled 1,160.8 points or 5.06 percent to 21,743.65.

All the Sensex firms were trading in the negative territory. Tata Steel dropped over 8 percent, followed by Tata Motors which cracked more than 7 per cent. HCL Technologies, Tech Mahindra, Infosys, Larsen & Toubro, Tata Consultancy Services and Reliance Industries were the other big laggards.

In Asian markets, Hong Kong's Hang Seng tanked nearly 11 percent, Tokyo's Nikkei 225 plunged nearly 7 percent, Shanghai SSE Composite index dropped over 6 percent and South Korea's Kospi index sank 5 percent.

US markets ended sharply lower on Friday. The S&P 500 plummeted 5.97 percent, Nasdaq composite slumped 5.82 percent and the Dow tumbled 5.50 percent on Friday.

"Both China and Japan index declined by 10 percent and 8 percent, respectively. This escalates the stakes in the ongoing trade war and raises concerns about a potential global recession that could affect everyone. On Friday, the US S&P 500 dropped by 6 percent, and the Dow Jones fell more than 2,000 points, marking its worst week since the COVID-19 crisis. This came after China announced it would impose reciprocal 34 percent tariffs on all US imports starting April 10," Vikas Jain, Head of Research at Reliance Securities, said.

The sharp increase in tariffs by both the US and China could lead to higher inflation, slower global growth, and intensify trade tensions, he added.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,483.98 crore on Friday, according to exchange data.

Global oil benchmark Brent crude dropped 2.74 percent to USD 63.78 a barrel.

On Friday, the Sensex tumbled 930.67 points or 1.22 percent to settle at 75,364.69. The Nifty declined 345.65 points or 1.49 percent to close at 22,904.45.

Last week, the Sensex tanked 2,050.23 points or 2.64 percent, while the NSE Nifty declined 614.8 points or 2.61 percent.