In-depth analysis: Why is Nifty falling and what lies ahead?

The Nifty is down about 3.5% since hitting its all time high of 25000 last week. Remember 25200 was the intrinsic value (in a base case scenario) we arrived at for Nifty 50 as per the DCF valuation model discussed in this post in January 2024. The Nifty was close to hitting this value, if not for the global developments that transpired last week.

What were these adverse developments that impacted the markets globally?