Sensex crashes nearly 700 points; Nifty nears 25k; why is Indian stock market falling? EXPLAINED

Share market crash: A day after clocking healthy gains of over half a per cent, Indian stock market benchmarks the Sensex and the Nifty 50 resumed their downward march on Thursday, July 24, suffering significant losses in intraday trade.

The Sensex crashed nearly 700 points to an intraday low of 82,047, while the Nifty dropped 0.80 per cent to a day’s low of 25,018.70.

The BSE Midcap and Smallcap indices also dropped about half a per cent during the session. 

Around 12:35 PM, the Sensex was 502 points, or 0.61 per cent, down at 82,225, while the Nifty 50 was 136 points, or 0.54 per cent, lower at 25,084.

(This is a developing story. Please check back for fresh updates.)