Sensex falls 200 pts from day's low, Nifty below 24,250: Key reasons behind market paring gains

Sensex pared gains, falling 200 points from its day's high but still up 1.1%.

Profit booking and rising VIX contributed to the partial market fall.

The Nifty slipped below the 24,250 level during the session.

The pullback occurred on July 17, driven by caution among traders.