Key factors that led to a market crash on Monday

The selling in the market was mostly broad-based, with only stocks from the information technology (IT) sector managing to hold their head above water

A record jump in the Covid-19 cases in the country which led to lockdown-like restrictions in the economically important state of Maharashtra spooked market investors on Monday. Besides, a weak macroeconomic print added fuel to the fire, further raising concerns about the pace and strength of the economic recovery.

Investors found some solace in firm global cues that helped contain further downside for the market.

Amid this backdrop, the BSE barometer Sensex tanked 870 points or 1.74 per cent to settle at 49,159. The 30-pack index had declined as much as 1,449 points in intra-day trade to a low of 48,581. Banks,