4 major reasons for the stock market fall: 1. New Variants: Restrictions in Europe, Lockdown in the Netherlands, Recession slowdown due to Germany stopping travel. 2. Foreign Fund Selling: FPIs are selling. FIIs withdrew Rs 18480 crore in December itself. 3. Interest rates, signs of increase: Federal Reserve ends bond purchases, Bank of England raises rates. 4. Rate cut in China: China reduced the lending rate after April. This led to a weak trend in the Asian markets.