The Indian stock market registered a huge decline on Monday. Today, the BSE Sensex fell 1,272.07 points (1.49 percent) to close at 84,299.78 points. At one point during trading, the BSE Sensex fell 1,314.71 points to reach 84,257.14 points. Similarly, the Nifty 50 also closed today with a huge decline of 368.10 points (1.41 percent) at 25,810.85. On the first day of the week, a big decline was recorded in the shares of the auto and banking sectors.

Investors lost Rs 3.57 lakh crore on Monday

This one day fall in the stock market created panic among the investors. In fact, investors lost Rs 3.57 lakh crore due to just one day's fall. Experts say that due to the increasing tension in West Asia and the fall in the Japanese market, there was a sell-off in the Indian market as well, due to which a big fall was recorded in the market. After today's fall, the total market cap of BSE listed companies fell by Rs 3,57,885.53 crore to Rs 4,74,35,137.15 crore.

BSE Midcap and BSE Smallcap closed with marginal gains

On Monday, BSE Midcap managed to gain marginal gains of 0.28 percent and BSE Smallcap 0.07 percent. Today, the auto sector declined the most by 1.91 percent, banking by 1.82 percent and realty by 1.80 percent. However, amid the decline, the metal and commodity segments registered gains.

What was the reason behind the big fall in the stock market on Monday

Vinod Nair, Head of Research, Geojit Financial Services, said, "The threat of increasing geopolitical risk in West Asia and the increase in the rates of Japanese currency Yen led to tremendous volatility in the markets across the world. Nair said that due to global market pressure and high valuation, the Indian market also witnessed a decline.