The bullish trend in the stock market since the beginning of the new year came to a halt today on January 3. The bears seemed to completely dominate the market. At the end of trading, Sensex fell 720 points and closed at 79,223.11. Whereas Nifty fell by about 184 points to the level of 24,000. Especially a lot of selling was seen in IT and banking shares today. Let us understand what were the 4 major reasons behind today’s decline.