Sensex crashes 700 points, Nifty 50 drops to 24,150- key factors behind the stock market decline explained

Indian stock market benchmarks fell sharply in morning trade on July 20, with the Sensex dropping over 700 points (nearly 1%) to an intraday low of 77,445 and the Nifty 50 declining over 180 points (almost 1%) to 24,150. The decline was attributed to weak global cues, though midcap and smallcap segments remained resilient, gaining 0.20% and 0.30% respectively.