Sensex Plunges 550 Points, Nifty Below 25200: 3 Reasons Behind Market Crash

• Indian benchmark indices Sensex and Nifty 50 experienced significant selling pressure, with Sensex falling 553.10 points from its intra-day high and Nifty dropping 157 points.
• Foreign Institutional Investors (FIIs) were net sellers for the 13th consecutive day, offloading ₹2,549.80 crore, impacting investor sentiment.
• Weak corporate earnings from heavyweight stocks like ICICI Bank and HACL Tech contributed to the market's downturn.
• Rising crude oil prices, with Brent crude jumping 0.8% to $64.57 per barrel, fueled concerns about trade deficit and inflation, adding pressure on the stock market.
• Nifty's key levels to watch are 25,470-25,580 for upside momentum, but a fall below 25,150 could lead to a drop into the 24,715-24,650 range.

Why It Matters: Indian markets crashed due to continuous FII selling, weak corporate results, and rising crude oil prices.