Carnage continues on Dalal Street as Sensex crashes over 2,500 points, Nifty below 9,300

Indian benchmark indices Sensex and Nifty extended their loses on Monday with the former crashing as much as 2,522.86 points or 7.19% and the latter shedding 715.70 points or 7.19%.

At 2:20 PM, the BSE Sensex was trading at 31,580.62 while the broader Nifty was at 9239.50.

Meanwhile, the share prices of Yes Bank 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.

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.