Coronavirus gives markets the shivers as India reports two more cases

Indian shares sank sharply on the news, ending lower for the seventh straight session

India reported two more cases of coronavirus on Monday, taking the number of people who have tested positive in the country to five, and hammering already rocky stock markets.

One of the new cases was detected in the capital, New Delhi, while the other was in the southern state of Telangana, the government said in a statement.

The patients had a travel history from Italy and Dubai in the United Arab Emirates, respectively, the government said.

Both patients were stable and being closely monitored.

"The government is monitoring the situation at the highest-level," Health Minister Harsh Vardhan told a briefing in New Delhi.

Authorities were