Why is market crashing today? Sensex slumps 900 points, Nifty below 22,300. 7 key factors behind Rs 8 lakh crore wipeout

What happened: Indian equities fell sharply, with Sensex closing at 71,593 and Nifty at 22,232 after touching a 52-week low of 22,179. The selloff erased over Rs 10 lakh crore in BSE market capitalisation. Key numbers: Sensex fell over 1,045 points. Nifty closed at 22,232. BSE market cap fell to Rs 460 lakh crore. Why it matters: Analysts cited RBI's shift to a calibrated tightening stance, with Jefferies expecting about 100 basis points of hikes, plus soaring bond yields, oil above $102, persistent FII selling, Fed rate hike worries, weak global cues and breached technical levels.

Sensex fell 400 points and Nifty dropped below 22,500 as markets digested RBI's calibrated tightening stance.

Sensex fell 400 points and Nifty dropped below 22,500 as markets digested RBI's calibrated tightening stance. — impact context not separately stored; see What changed.