Why is market falling today? Sensex plunges 700 points, Nifty tests 24,000. 6 key factors behind the selloff

Indian benchmark indices fell sharply on Monday, with Sensex dropping around 712 points to 76,857 and Nifty 50 slipping 207 points to test 24,000, wiping off over Rs 2 lakh crore in investor wealth. The selloff was driven by escalating Iran-US conflict that pushed Brent crude above $79 per barrel, a weaker rupee at 95.70 per dollar, rising US Treasury yields, and weak global cues with South Korea Kospi crashing more than 7%. Profit booking after a two-session rally and broad-based selling across auto, financials and metal sectors deepened the decline, though IT stocks bucked the trend.