Three reasons why Sensex has crashed over 1,700 points in last 3 sessions

Analysts say that the domestic market has started showing some indications of fatigue. Globally, the major concern now is that the Fed might oversteer the economy

Just two days after reclaiming five-month highs on Tuesday, the domestic markets have gone into a tailspin. Over the last three sessions, the BSE Sensex has shed 1,730 points, while the NSE Nifty has slipped 539 points. 

On Friday, the Sensex crashed over 1,200 points intra-day before closing at 58,841, down 1,093 points or 1.82 per cent. The NSE Nifty50, too, sunk to a low of 17,505 before shutting shop at 17,530, down 346 points or 1.94 per cent.

Today's mayhem in the domestic equities follows a batch of macro reports in the US, which did little to ease concerns about