Sensex crashes nearly 700 pts: Factors that scared D-Street bulls on Monday

After a modest recovery on Friday when the S&P BSE Sensex ended 100 points higher, the markets resumed their downward trajectory on Monday with both the benchmark indices, S&P BSE Sensex and Nifty50, tumbling nearly two per cent in the early morning deals. Heavy selling was witnessed across-the-board with India VIX, the volatility gauge, jumping nearly 14 per cent to hit a one-month high of 17.64. Barring information technology (IT), all the sectoral indices were trading with deep cuts.

The S&P BSE Sensex tanked as much as 675 points, or 1.81 per cent, to hit a low of 36,443.41 during