India, Oct. 12 -- Indian equity benchmarks came under renewed selling pressure during Monday's session, reversing early gains as investors reacted to persistent foreign institutional investor (FII) outflows, expensive crude oil and elevated US bond yields.

The BSE Sensex dropped 528.38 points, or 0.73%, to 71,943.95, while the Nifty 50 declined 129.80 points, or 0.58%, to 22,390.65. Both indices retreated sharply from their intraday highs, highlighting continued uncertainty in the domestic stock market.

Why are Sensex and Nifty falling today?

Several factors contributed to the market decline:

FII selling: Foreign investors continued to withdraw money from Indian equities, extending their selling streak to 11 consecutive sessions throu...