Why Indian markets fell for the fourth straight session?

Nifty 50 declined 0.70% to 23,382.60 on June 1, extending losses for the fourth consecutive session. Market sentiment was impacted by rising US-Iran tensions, firm crude oil prices, a weaker monsoon forecast and slower GST growth. FMCG fell 2.3%, while IT gained 2.5%. Market breadth remained weak with 2,202 stocks declining.