Sensex Falls 721 Pts, Nifty Below 24,850: 5 Reasons for Market Drop

Indian equity markets ended sharply lower on Friday, dragged down by financial stocks and weak global cues. The BSE Sensex dropped 721 points (0.88%) to close at 81,463, while the NSE Nifty50 declined 225 points (0.90%) to settle at 24,837.

The downturn was led by heavyweights like Bajaj Finance, amid concerns over rising credit costs and continued foreign investor selling.