Equity benchmark Sensex slumped over 1,950 points, continued to plunge for the fifth straight session on Monday amid weak world cues.

Asian share markets slipped as traders braced for a Federal Reserve assembly at which it’s anticipated to verify it would quickly begin draining the huge lake of liquidity that has supercharged development shares in recent times.

As of 2:16 pm, the 30-share BSE Sensex pack was down 1,9555 points or 3.31 per cent at 57,082 and the broader NSE Nifty slumped 596 points or 3.38 per cent to 17,021.

Mid- and small-cap shares were in the negative zone as Nifty Midcap 100 index fell 3.37 per cent and small-cap shares were trading 4.20 per cent lower.

On the stock-specific front, Bajaj Finance was the top Nifty loser as the stock cracked 6.22 per cent to ₹ 6,915. JSW Steel, Tech Mahindra, Tata Steel and Wipro were also among the laggards.

Also, Zomato and Paytm shares fell 18.48 per cent and 5.64 per cent, respectively, to hit their lowest levels since listing.

The overall market breadth was weak as 456 shares were advancing while 3,069 were declining on BSE.

On the 30-share BSE platform, Bajaj Finance, TechM, Tata Steel, Wipro, Titan, Bajaj Finserv and Asian Paints attracted the most losses with their shares sliding as much as 2.83 per cent.

Sensex had slumped 427 factors or 0.72 per cent to shut at 59,037 on Friday, whereas the broader NSE Nifty had settled 140 factors or 0.79 per cent decrease at 17,617.