Sensex plunges more than 500 points, Rupee falls below 72 mark, crash wipes out over Rs 1 lakh crore of investor wealth

After rallying for two sessions, the BSE benchmark Sensex tumbled over 505 points on Monday to slip below the 38,000-level as worries about global trade war and prevailing rupee crisis dampened investors mood despite the government announcing steps to stem a steep fall in the Indian currency. The broader Nifty too nosedived over 137 points to end below the 11,400-mark. Subdued Asian and European markets due to escalating trade war between the US and China mainly led to a caution on domestic bourses, brokers said. The government Friday announced an…

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