Sensex falls 1,800 points in 3 days. Here's what is spooking the markets?

Equity markets have suffered deep losses relentlessly in the last three sessions amid downbeat global sentiment and heightened fears in anticipation of interest rate hikes by the US Federal Reserve. The BSE Sensex has shed 1,844 points from Monday's close ending at 59,464 level today, way below the 60K-mark. The NSE Nifty, on the other hand, has lost 552 points during this time as it closed at 17,757 level today. 
 

A number of factors are at play as to why the markets have turned bleak recently, most of which are broadly related to global apprehensions around high oil prices, inflation and faster-than-expected