Indian stock markets have been experiencing a downward trend for the past five days, with the Nifty 50 index falling 10% from its peak and the BSE Sensex dropping 8,000 points. This decline is attributed to concerns over inflation and a significant selloff in metal stocks.

The Sensex was down 707.72 points, or 0.90%, trading at 77,967.46, while the Nifty was down 244.90 points, or 1.03%, at 23,638.60. The mid-cap and small-cap indices also saw declines of 2.2% and 2.5%, respectively. Market breadth was negative, with 530 shares advancing against 2,860 shares declining, and 57 shares remaining unchanged.

Investor sentiment remains cautious amidst these market fluctuations.