Sensex crashes 700 points, Nifty 50 drops below 23,650; investors lose₹4 lakh crore. Why is market falling? Explained

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The 30-share pack crashed nearly 800 points, or 1%, to hit an intraday low of 75,613, while the NSE counterpart Nifty 50 shed over 200 points, or 1%, to touch the day's low of 23,647.