Explained: Why Sensex crashed nearly 1,500 points

Sensex crashed nearly 1,500 points roughly an hour after market opening on Monday. NSE Nifty 50 also plummeted sharply. The sombre mood was seen across all sectoral indices except pharma. Here is all you need to know about today's market bloodbath:

Domestic benchmark indices crashed on Monday as stock markets continued to witness increased volatility, triggered by nervousness among investors. At 10:40 am, S&P BSE Sensex was down 1,419 points (2.86 per cent) at 48,171.77, while NSE Nifty 50 fell over 400 points (2.75 per cent). This is one of the biggest drops in benchmark indices in the last few weeks. The market weakness observed today is directly related to negative market sentiments arising from the second wave of Covid-19 cases in the country.