Sensex crashes over 1,600 points in biggest fall since demonetization.

The Sensex this morning has witnessed its worst fall since the demonetisation exercise in 2016 as the sell-off in stocks continues unabated. The Nifty hit a one-year low.

Crude prices fall

Brent crude futures fell by as much as $14.25, or 31.5%, to $31.02 a barrel, the
most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand due the spread of Coronavirus.