Why is stock market down today? Sensex crashes 500 points - Top 3 factors behind market selloff explained

What happened: On Wednesday, 7 October, the Sensex fell nearly 500 points to an intraday low of 72,591 and the Nifty 50 fell nearly 0.80% to 22,600 in morning trade, ahead of the RBI monetary policy outcome. Key numbers: Sensex down nearly 500 points, or 0.65%, to 72,591. Nifty 50 down nearly 0.80% to 22,600. Why it matters: The market is nervous about a potentially hawkish RBI signalling further rate hikes, with the Governor's comments on growth and inflation dynamics seen as the key driver of the response. Rising US bond yields have triggered foreign capital outflow.

Sensex crashes 500 points with three factors driving the selloff.

Sensex crashes 500 points with three factors driving the selloff. — impact context not separately stored; see What changed.