Indian Markets Crash 750 Points: Profit-Booking, FII Selling, Labor Codes Blamed

• Indian stock market indices Sensex and Nifty experienced sharp fluctuations and a 750-point crash despite global market recovery.
• Early gains were wiped out due to strong profit-booking from day's highs, with Sensex falling 0.85% and Nifty slipping below 25,200.
• Profit-booking after a sharp recovery following three days of decline contributed significantly to the market fall.
• Continued selling by Foreign Institutional Investors (FIIs) on January 21 put pressure on benchmark indices.
• Concerns over the impact of new labor codes on company costs also led to pressure on some stocks, like Eternal Ltd.

Why It Matters: Indian markets crashed 750 points due to profit-booking, persistent FII selling, and new labor code concerns.