Sensex tumbles 1,407 points: Three factors behind market crash today

The volatility index, India VIX, spiked 24.52 per cent to 23.19

A sharp crash in the domestic markets left investors running for cover in Monday's session as benchmark equity indices tumbled. The S&P BSE Sensex lost 2,037 points in intra-day deals to hit a low of 44,923.08. The index, however, recovered partially and ended the day at 45,554 levels - down 3 per cent, or 1,407 points.

On the other hand, the Nifty50 ended the day at 13,328 levels, down 3.14 per cent, or 432 points.

The fall was triggered amid weak global cues and fears of a resurgence of coronavirus following a new strain in the United Kingdom (UK). Over