Mumbai, March 9: After plunging over more than 2,000 points, Sensex marginally recovered its losses towards the end of the day. The BSE Sensex closed at 35,634, down 1,942 points (5.17 percent) on Monday. The fall has been on the back of global selloff on concerns that the coronavirus would significantly slow down the economic activity. YES Bank crisis further dampened the sentiment along with a slide in oil prices. The rupee also fell sharply against the US dollar today. In addition to this, the global markets also had their effect on the Indian market. Japan's Nikkei fell 5.2 per cent and Australia's commodity-heavy market tanked 6.4 per cent.

According to an Indian Express report, the Sensex registered its biggest one-day fall since August 2015 on Monday. NSE Nifty, on the other hand, ended the day at 10,451.45, down 538.00 (4.90 percent). The rupee touched a fresh 52 week low of Rs 74.0988 on Monday, declining 50 paise against the previous close of 73.7825. The Sensex recorded its sharpest intra-day fall since November 9, 2016. YES Bank Stock Up 23% After SBI Says to Infuse Funds in Private Lender.

RIL and ONGC slumped over 13 percent and 16 percent respectively. Reportedly, the oil prices fell over 30 percent today, the most since the start of the Gulf War of 1991.  YES Bank stock was up over 32 percent on Monday morning after SBI announced it would infuse funds into the private sector lender. The stock had tanked 85 percent on Friday after RBI superseded YES Bank board and it restricted the withdrawal limit to Rs 50,000 per account till April 3.

(The above story first appeared on LatestLY on Mar 09, 2020 01:30 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).