Equities slide as China virus fears intensify, metal and banking stocks plunge

Equity benchmark indices slipped during early hours on Monday as investors globally were increasingly anxious about the economic impact of China's new coronavirus. At 10:15 am, the BSE S&P Sensex was down by 113 points to 41,500 while the Nifty 50 edged lower by 48 points at 12,200. Most sectoral indices at the National Stock Exchange were in the negative terrain with Nifty metal dipping by 2.23 per cent and PSU bank by 0.91 per cent.