The Indian stock market experienced a significant decline, with the Sensex dropping 1,176 points to close at 78,041.59, representing a 1.49% decrease. The Nifty index also fell, closing at 23,587.50, down 1.52%. This decline is noted as the largest drop in two years, with both indices falling over 4% during the trading session.

Dr Reddy's Labs, Nestle India, HDFC Life, and ICICI Bank were among the gainers, while Trent, Tech Mahindra, M&M, IndusInd Bank, and Axis Bank faced challenges. All sectoral indices ended in the red, with the realty index suffering a 4% drop, and sectors such as auto, IT, capital goods, metal, telecom, and PSU banks each declining by 2%. The market capitalization of BSE-listed companies fell by over ₹19 lakh crore, reflecting the widespread impact of the downturn across various sectors.

The market capitalization of BSE-listed companies fell by over ₹19 lakh crore, reflecting the widespread impact of the downturn across various sectors.