Sensex crashes over 1,900 points on opening, Nifty below 9,500

Sensex crashes over 1,900 points on opening, Nifty below 9,500

Indian benchmark indices Sensex and Nifty extended their opening loses on Monday with the former losing 1950 points or 5.72% and the latter shedding 440 points or 4.43%.

About 190 shares have advanced, 730 shares declined, and 62 shares are unchanged.

Among the major gainers were Yes Bank, whose share price gained as much as 39% after the government notified a rescue plan for the crisis-hit lender.

On the other hand, HDFC, ICICI Bank, SBI, Sun Pharma, JSPL, Max Financial and DLF were the prominent losers.

At 10:30 AM, Sensex was trading at 32,438.51 points while the broader Nifty was at 9507.45 points.

The crash wiped out over Rs 6 lakh crore of investors' money within the first 15 minutes of trading.

The Indian rupee opened lower by 15 paise at 74.06 per US dollar on Monday.