Why Indian Stock Market Crashed, Sensex Lost Over 3,000 Points Today

Indian shares continued to fall sharply on Monday, with the Sensex and Nifty crashing about 5 per cent in early trade, mirroring a sharp fall in global equities.

Sensex, a pack of India's top 30 companies listed on the Bombay Stock Exchange, lost 3,939.68 points or 5.22 per cent to 71,425.01, while Nifty, the National Stock Exchange index, dropped 1,160.8 points or 5.06 per cent to 21,743.65.

Other Asian markets also slumped, with Hong Kong's Hang Seng dropping nearly 11 per cent, Tokyo's Nikkei 225 plunging nearly 7 per cent, Shanghai SSE Composite index tumbling over 6 per cent, and South Korea's Kospi index declining 5 per cent.