Sensex crashes over 700 points, Nifty 50 drops below 24,000- key factors behind stock market fall explained

Indian benchmark indices fell sharply in intraday trade on 22 July, with the Sensex crashing nearly 750 points or 1% to hit an intraday low of 76,722. The Nifty 50 dropped below the 24,000 support level, touching an intraday low of 23,973.70, a decline of over 200 points or nearly 1%. Mid-cap and small-cap segments underperformed the benchmark indices in an across-the-board selloff.