Benchmark indices were trading over 6 per cent lower on Monday as investor sentiment remained subdued amid the rapid spread of novel coronavirus across the world and developments at YES Bank.
The S&P BSE Sensex was down over 2,200 points, or 6 per cent, at 35,312 levels. ONGC (down 15%), Reliance Industries (down 13%), IndusInd Bank (down over 8.5%), and Tata Steel (down over 7%) were the top laggards in the Sensex pack.
The broader Nifty50 index slipped below the 10,360 levels, down 600 points, or over 6 per cent. All the Nifty sectoral indices were in the red. Nifty Metal index, down 4 per cent, bled the most.