Why is market falling today? 7 factors behind Sensex's 700-point fall, Rs 4 lakh crore wealth wipeout

Indian stock markets experienced a decline on Wednesday as tensions in the Middle East escalated. Crude oil prices surged above $92 a barrel, impacting investor sentiment negatively. Broader markets also slipped, with small and midcap indices showing losses. Several major banking and IT stocks contributed to the Sensex's drop. Despite these challenges, some auto and consumer stocks traded higher, bucking the trend.