Sensex plunges over 1,700 points: What triggered Monday’s stock market crash?

Benchmark stock market indices plunged on Monday as investors remain worried about rapidly rising Omicron cases. However, there are several other factors that contributed to today's crash. Here is all you need to know.

Benchmark stock market indices have slipped further after starting off the day on a weak note. It is one of the biggest market crashes in the past few months, leading to a loss of nearly Rs 10 lakh crore in investors’ wealth.

Domestic shares have slumped to their lowest in nearly four months following Monday’s massive plunge. The S&P BSE Sensex tumbled over 1,700 points or over 3 per cent at around 1:10 pm, while the Nifty was down over 535 points. It may be noted that there has been a sharp jump in volatility, with India's VIX rising as much as 18 per cent.