Sensex crashes 600 points, Nifty 50 drops below 25k today. Why is Indian stock market falling for 3 consecutive weeks?

Indian stock market benchmarks—the Sensex and the Nifty 50—have been in a downtrend for three consecutive weeks now, with the Nifty 50 slipping below the key support level of 25,000. Over the past three weeks, the Sensex has tumbled more than 2,400 points, or nearly 3 per cent, while the Nifty 50 has also declined by around 3 per cent. 

On Friday, July 18, the Nifty 50 fell almost 1 per cent to an intraday low of 24,925.25, while the Sensex crashed over 600 points to an intraday low of 81,628.26.

The mid and small-cap segments, which have outperformed benchmarks over the last few sessions, also witnessed a sell-off on Friday; the BSE Midcap and Smallcap indices dropped by almost a per cent each during the session.

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