The government decision to withdraw Rs 1,000 and Rs 500 notes and increasing probability of Donald Trump winning the US Presidential elections has made the sensex take a huge plunge. The Sensex crashed 1,600 points while Nifty plunged 476 points today. Lot of negative triggers could keep the market in check for the next few weeks or even a couple of months say the experts. Real estate stocks have taken a pounding in early trade as the sector is expected to feel the heat of the government's move to phase out the old Rs 500 and Rs 1000 notes. The general view is that a lot of purchases may get deferred in the short term. ICICI Bank, BHEL, Adani Ports, Tata Motors and Maruti Suzuki are some of the losers. The real estate index was down 12% as market men fear that the government decision to curb black money will hit these companies the most, leading to a crash in realty prices. The US dollar sank and stock markets slammed into reverse in wild trade on Wednesday as investors faced the real possibility of a shock win by Republican Donald Trump that could upend the global political order. Oil prices also skidded, with benchmark U.S. crude futures lost down $1.05 to $43.93 a barrel in electronic trading on the New York Mercantile Exchange.