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Indian markets dropped nearly 6 per cent on Monday amid a sell-off in global equities. Rising tensions between the US and China and extension of stay-at-home orders by another two weeks triggered risk-off sentiment among investors.
The Sensex closed at 31,715, down 2,002 points, or 5.94 per cent — its biggest single-day loss since March 16. Investors witnessed a wealth erosion of Rs 5.82 trillion in the BSE-listed companies. The Nifty50 index fell 566 points, or 5.7 per cent, to end at 9,294. This was the sixth time in two months when the indices logged more than 5 per cent
