Stock market crash: 5 reasons why Sensex tanked by over 1,000 points

Indian benchmark equity indices, the BSE Sensex and Nifty50, opened sharply lower on Monday due to growing global concerns.

At the start of trading, the BSE Sensex fell by 800.29 points, or 1.03%, to 76,578.62, while the Nifty50 dropped 218.40 points, or 0.93%, to 23,213.10.

“Market will continue to be under pressure from the many strong headwinds. The blow out jobs data from the US with 2.56 lakh job creation in December against expectations of 1.65 lakhs means the rate cut expectations in 2025 is now down to one. With the unemployment in the US down to 4.1 per cent the economy doesn’t need any stimulus. This good economic news is turning out to be bad news for markets which were discounting many rate cuts this year.