The Economic Times

Why is market falling today? N Chandras exit among 3 factors behind 550-pt Sensex slide; Nifty below 24,300

The Indian stock market witnessed sharp selling on Wednesday, with the Sensex dropping over 570 points and Nifty sliding below 24,300. The decline was triggered by Tata Sons Chairman N Chandrasekaran's resignation and rising crude oil prices, dragging down major Tata Group stocks and erasing over Rs 2 lakh crore in investor wealth.