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Investors have suffered a big shock in the Indian stock market on the first trading day of the week. As soon as the market opened, there was all-round selling, due to which the main index Sensex fell by about 600 points and came near the level of 77,600. On the other hand, Nifty 50 of the National Stock Exchange also fell by more than 140 points and slipped below the psychological level of 24,200. This trend of the market has created panic among traders and retail investors, because the market had closed with a gain in the last trading session. Most pressure on shares of private banks: Big fall in HDFC and Axis Bank. Banking sector has proved to be the biggest villain in today’s market decline. A big fall of more than 2% has been recorded in the Nifty Private Bank index. After the recently revealed quarterly results (Q1 Results), pressure on the margins of private banks is being seen. Talking about the biggies, a crash of about 5% to 6% was seen in the shares of Axis Bank, while the shares of HDFC Bank, the country’s largest private bank, also fell by more than 4.5%. Apart from this, shares of Kotak Mahindra Bank and Bajaj Finance also left no stone unturned in dragging the market down. Why did the market fall? These 3 big reasons spoiled the game. According to global market experts, three main reasons are working behind this big decline in the domestic market. The first reason is that the first quarter results of the banking giants, which came over the weekend, were not as expected, due to which investors did heavy profit booking. The second major reason is due to the increasing tension in the Middle East and the ongoing geopolitical crisis between America and Iran, the prices of Brent Crude Oil in the international market have crossed $ 90 per barrel. The increase in cost of crude oil is considered negative for the Indian economy because there is a fear of increasing inflation. The third reason is the continuous selling by foreign institutional investors (FIIs), which has affected liquidity. What is the opinion of experts for investors? Market analysts say that the level of 24,200 was very important for Nifty, and if it goes below it, the fall in the market may increase further which can take Nifty to the level of 24,000 or 23,800. However, it is a matter of relief that even amidst this decline, some strength is being seen in the midcap and smallcap indices. Experts advise that in this volatile environment, investors should not take any hasty decision and should buy only in stocks with strong fundamentals gradually (in SIP mode).