Stock market today: Sensex crashes 3%, investors lose ₹15 lakh crore; 5 factors why the Indian stock market fell

Stock market today: Indian stock market benchmarks, the Sensex and the Nifty 50, crashed nearly 3 per cent each on Monday, August 5, mirroring the global trend after the US recession fears mounted and rising tensions in the Middle East kept investors on edge. An across-the-board selloff hit the Sensex hard. The Sensex opened at 78,588.19 against its previous close of 80,981.95 and crashed 3.3 per cent to the level of 78,295.86 during the session. On the other hand, the Nifty 50 opened at 24,302.85 against its previous close of 24,717.70 and dropped 3.3 per cent to the level of 23,893.70.