Sensex crashes over 2,900 points, Nifty below 9,300-mark
Deccan ChronicleMumbai: Equity benchmark indices extended losses in the afternoon session on Monday as the spreading coronavirus pandemic continued to spook global markets. The BSE S&P Sensex closed 2,813 points or 7.96 per cent lower at 31,390 while the Nifty 50 crashed by 756 points or 7.6 per cent to 9,219. But Yes Bank surged by 45 per cent after the government notified a rescue plan for the private sector lender led by the State Bank of India and joined by others. That had only limited success in calming panicky investors and Japan's Nikkei slid by 2.46 per cent while Hong Kong's Hang Seng fell by 4.03 per cent. Shanghai Composite fell by 3.4 per cent even as China's central bank surprised with a fresh round of liquidity injections into the financial system.