New Delhi, March 27 -- The Indian stock market suffered strong losses in intraday trade on Friday, March 27, with equity benchmarks - Sensex and Nifty 50 - falling more than 1% each.

Sensex crashed nearly 1,200 points, or 1.6%, to an intraday low of 74,097, while Nifty 50 dropped over 350 points, or 1.5%, to the day's low of 22,948. The mid and small-cap indices on the BSE also tanked up to 2%.

Investors lost about Rs.7 lakh crore as the cumulative market capitalisation of BSE-listed firms dropped to Rs.424 lakh crore from Rs.431 lakh crore in the previous session.

Here are five key factors behind the stock market selloff today:

Weak global cues seem to be weighing on domestic market sentiment. Major Asian peers such as Korea's Kospi ...