The Sensex and Nifty fell for the fifth consecutive session, driven by heavy foreign institutional selling and disappointing Q2 earnings, particularly from IndusInd Bank, which saw a 40% drop in net profit. Most sectors, including banking, auto, and realty, declined by 2-3%, with the indices down 8% from their all-time highs. At the close, the Sensex was down 490 points at 79,575, while the Nifty fell 188 points to 24,211.