Why stock market is down today: Sensex falls over 600 pts, Nifty slips below 25,000; 5 reasons behind the drop

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Indian markets experienced a sharp decline on Friday, with the Sensex and Nifty50 falling due to FII selling, Axis Bank’s disappointing earnings, and Citi’s downgrade of Indian equities. Global uncertainties surrounding US Fed policy and rising oil prices further contributed to the negative sentiment.