Why is stock market down today? Sensex, Nifty 50 crash - Top 3 factors behind stock market decline explained

What happened: The Sensex fell 548 points, or 0.76%, to 71,924.68 and the Nifty 50 dropped 0.70% to 22,363.35 on Monday, 12 October, dragged by banking and IT stocks. Key numbers: Sensex -548 points (-0.76%) to 71,924.68; Nifty 50 -0.70% to 22,363.35; Nifty Bank -0.61%; Nifty IT -0.79%; Nifty Smallcap 250 +1.13%; Brent crude $102-105 a barrel; dollar index near 102.5; FPI outflows Why it matters: Analysts cited elevated oil prices, high US bond yields, geopolitical tensions and FPI selling as headwinds. Kotak Neo and HDFC Securities flagged weakness below Nifty 22,300 and 22,200 levels. Coverage: 3 outlets in 24h

The Sensex fell 548 points, or 0.76%, to 71,924.68 and the Nifty 50 dropped 0.70% to 22,363.35 on Monday, 12 October, dragged by banking and IT stocks.

Analysts cited elevated oil prices, high US bond yields, geopolitical tensions and FPI selling as headwinds. Kotak Neo and HDFC Securities flagged weakness below Nifty 22,300 and 22,200 levels.