Benchmark indices were trading over 4 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 1,634 points, or 4.35 per cent, at 35,942 levels. ONGC (down 11%), Reliance Industries (down 8%), IndusInd Bank (down 7%), and Tata Steel (down 6%) were the top laggards in the Sensex pack.
The broader Nifty50 index slipped below the 10,550 levels, down 444 points, or 4.05 per cent. All the Nifty sectoral indices were in the red. Nifty Metal index, down 4 per cent, bled the most.
In the broader market, the S&P BSE MidCap index was down 476 points, or 3.35 per cent, and the S&P BSE SmallCap index dipped 466 points, or 3.5 per cent.