After coronavirus, it's a crude shock: Markets see worst rout in 5 years

The crash in oil prices on Monday sent shockwaves through global equity markets, which were already reeling from pressure because of the spread of coronavirus.

The Indian markets suffered their worst single-day rout in five years, with the benchmark indices falling 1,942 points and the rupee breaching 74 against the dollar.

Overseas investors pulled out close to $1 billion, taking their one-month pull out close to $4 billion.

At one point, the Sensex was down 2,467 points, or 6.6 per cent. After intense selling through the day, the Sensex ended 1,942 points, or 5.2 per cent, lower at 35,635, the