A natural question at the start of a new year is whether the stock markets will keep climbing. The S&P 500 Index has enjoyed a particularly good run over the past 15 years, having recently broken through 6,000; it was as low as 732 in early 2009.

BSE Sensex and Nifty50, the Indian equity benchmark indices, crashed in trade on Monday. While BSE Sensex tanked over 1,400 points, Nifty50 went below 23,600 intraday.

The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 23,770 level, a discount of nearly 25 points from the Nifty futures’ previous close.

The Sensex and Nifty plumetted due to a market crash during the morning trading session as banking and metal stocks fell

The Nifty 50 concluded the session with a gain of 0.39% at 23,707, while the Sensex wrapped up the session at 78,199, 0.30% higher than the previous close.

Adani Ports, Asian Paints, IndusInd Bank and Reliance Industries gained 1.3-1.6 per cent. Tata Motors Ltd, ICICI Bank Ltd, Power Grid, Tata Steel and UltraTech Cement also gained over 1 per cent each.

The bears took control of the Dalal Street on Monday, pushing Nifty below the 24,000 level. The Sensex bled more than 1,250 points and tanked over 1.5 per cent to close the session at 77,964.99, while the NSE Nifty50 plummeted close to 400 points and ended trading at 23,