Market chaos: on Sensex single-day fall

Manic Monday saw India’s bellwether S&P BSE Sensex suffer its worst single-day fall in terms of points as the 30- stock gauge plunged 1,942 points, or 5.2%, to its most affordable close in 52 weeks. While the proximate trigger for the headlong selling spree was the international market rout induced by an oil price plunge, there are clear indications that the hidden financier sentiment has actually turned bearish. From the S&P BSE 500 index, consisting of the top 500 BSE-listed companies throughout all key markets, to the S&P BSE SmallCap index, representing the tiniest listed firms, there was practically no corner left untouched by the sell-off. While every Sensex member lost ground, with 22 pulling away at least 3%, both the wider gauges accounting for an integrated 1,200 business saw about 93?ch of their con