Why the stock market is falling today: Sensex cracks over 650 points, Nifty slips below 25,200; 3 reasons behind the fall

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Across sectors, the Nifty IT index dropped 1.6%, dragged down by TCS, Infosys, and Wipro. Auto and Oil & Gas indices declined over 1%, while Financials and PSU Banks slipped more than 0.5%. The Nifty Midcap100 and Smallcap100 also lost nearly 1%.