On August 2, the BSE Sensex fell nearly 800 points due to a confluence of factors. First, global markets sank after weak U.S. economic data stoked recession fears. The Dow Jones and Nasdaq dropped sharply, influencing global sentiment. Second, Japan’s Nikkei tumbled 5% following a rate hike by the Bank of Japan, while other Asian markets also suffered losses. Third, Indian markets faced profit-taking after recent highs. Lastly, heightened geopolitical tensions between Iran and Israel added to market jitters, contributing to the sharp decline.