Sensex crashes over 700 points, India VIX jumps 10%; 5 key factors driving the stock market down explained

The Sensex and Nifty 50 fell nearly 1% each in intraday trade on Monday, 13 July, with the Sensex dropping over 700 points. India VIX surged 10% as fresh US-Iran tensions pushed crude oil prices higher, reviving macroeconomic concerns. Weak global cues compounded selling pressure across Indian benchmarks.