On November 28, the Indian equity markets experienced significant losses, with the BSE Sensex dropping 931 points, or 1.2%, to 79,302, and the NSE Nifty falling 274 points to 24,000.
The decline was mainly due to weakness in the IT and auto sectors, reflecting concerns about global economic trends. The market was also affected by a stronger US dollar, which made emerging-market assets, including those in India, less attractive.
Despite the overall decline, the market breadth remained positive, with 1,865 shares advancing against 1,510 declining and 98 unchanged.