Updated On: 25 January, 2022 07:17 AM IST | New Delhi | Agencies
Sell-off in global markets, weak Q3 results and pre-Budget nervousness behind the fall: experts

People walk past the bronze statue of a bull at the entrance of Bombay Stock Exchange building at Fort on September 24, 2021. Pic/AFP
The domestic equity market on Monday logged the steepest single-day drop in about two months, with the benchmark Sensex crashing nearly 1,546 points to crack below the 58,000-level due to panic selling across counters tracking subdued global stocks.
The BSE Sensex started the session on a weak note and got further overwhelmed by panic selling as the trade progressed and tanked over 2,050 points to touch the day’s low at 56,984. Recouping some lost ground towards the fag-end, the index finally settled at 57,491.51—clocking a massive 1,545.67 points or 2.62 per cent drop.