Market Carnage: Sensex, Nifty see mayhem in Monday's trade

It was a complete carnage on Dalal Street as bears gripped the street for the fifth straight session with the Nifty seeing it's biggest fall since November.

Here is a round up of the mayhem in the markets-:

• Sensex and Nifty see big drops in Monday trade, extend selling for a fifth straight session on Monday

• Sensex falls 1400 points, Nifty collapses 500 points intraday

• Nifty ends below 17,200 mark, sees biggest fall since November 26

• BSE IPO Index down over 7% as recent listings take a knock

• Zomato down 20%, Paytm falls below Rs 900, PolicyBazaar down 11%

• 872 stocks hit lower circuits, 3,000 stocks in red

• Markets see risk-off mode ahead of US Federal Reservce meeting on January 25-26