Geopolitical tension, profit booking: 5 reasons why markets corrected today

Rising political tension between India and China was one of the key reasons that punctured the momentum on Monday. The S&P BSE Sensex ended 839 points, or 2.1 per cent, lower at 38,628 levels

After an initial burst on Monday morning that took the S&P BSE Sensex to the day’s high of 40,010.17, the markets lost ground as trade progressed. The S&P BSE Sensex lost over 1,614 points from the day's high and hit a low of 38,395.89 levels. It, however, recouped some of the loss and closed 839 points, or 2.1 per cent, lower at 38,628 levels.

Here are five key reasons that led to the market fall on Monday.

India-China geopolitical tension: Rising political tension between India and China punctured the morning momentum on Monday. According to reports, the situation in Eastern