Sensex crashes over 800 points, Nifty 50 slips below 24,550; why is the Indian stock market falling today?

A day after clocking a decent gain of half a per cent, the Indian stock market resumed its downward march. The benchmark, the Sensex, crashed over 800 points, and the Nifty 50 slipped below 24,550 during the session on Thursday, May 22.

The Sensex opened at 81,323.05 against its previous close of 81,596.63 and dropped over 800 points, or 1 per cent, to an intraday low of 80,727.11. The Nifty 50 opened at 24,733.95 against its previous close of 24,813.45 and slipped by over a per cent to an intraday low level of 24,541.60.

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