Sensex plunges 1,941 points

ONGC was the top loser in the Sensex pack, cracking over 16 percent, followed Reliance Industries, IndusInd Bank, Tata Steel, TCS, SBI, ICICI Bank and Bajaj Auto.
Sensex plunges 1,941 points
Sensex plunges 1,941 points

Mumbai: Market benchmark Sensex plummeted over 1,941 points on Monday, wiping off investor wealth worth around 7 lakh crore, following global market meltdown triggered by a rapidly-spreading coronavirus and free-fall in oil prices.

After sinking over 2,467 points during the day, the 30-share index settled 1,941.67 points or 5.17 percent lower at 35,634.95. Likewise, the broader NSE Nifty slumped 538 points or 4.90 pe cent to close at 10,451.45.

Heavyweight Reliance Industries shed over 12 percent. Shares of SBI plunged over 6 percent after it said it will pick up a 49 percent stake in Yes Bank for Rs 2,450 crore. Yes Bank, on the other hand, rallied over 31 percent.

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