4 reasons why the Sensex tanked nearly 700 points on Monday

The S&P BSE Sensex lost over 600 points, or nearly 2 per cent, in intra-day trade on Monday. The 50-share Nifty, on the other hand, slipped nearly 200 points to test the 10,500 mark

The S&P BSE Sensex lost over 600 points, or nearly 2 per cent, in intra-day trade on Monday. The 50-share Nifty, on the other hand, slipped nearly 200 points to slip below the  10,500 mark in intra-day deals. Last week, while the S&P BSE Sensex ended 1.4% lower, the Nifty50 slipped 1.7%.

"Markets are likely to remain on the edge ahead of the state elections result on Dec 11, especially as the exit polls presented a confused picture in Madhya Pradesh and Chattisgarh. This, in conjunction with surprise breakthrough in OPEC+ production cut has lent renewed support to Brent which