Why is market falling today? Sensex drops 600 points, Nifty below 22,600. Key factors behind Rs 5 lakh crore rout

What happened: Sensex fell over 600 points below 73,100 and Nifty 50 lost 224 points below 22,600 on Thursday morning, with Power Grid leading Sensex losses at around 3%. Key numbers: Sensex down over 600 points, Nifty down 224 points, nearly Rs 5 lakh crore wiped from BSE market cap to Rs 457 lakh crore, India VIX up nearly 6% to 16.60, NSE breadth 510 advances and 2,348 declines. Why it matters: Broader markets fell deeper, with Nifty Smallcap 100 and Nifty Midcap 100 down nearly 2% each, and Nifty Auto, FMCG, Metal and Pharma down around 2% each. All sectoral indices are in the red.

Sensex fell 600 points and Nifty dropped below 22,600 amid a Rs 5 lakh crore rout.

Sensex fell 600 points and Nifty dropped below 22,600 amid a Rs 5 lakh crore rout. — impact context not separately stored; see What changed.