Equity benchmark indices Sensex and Nifty fell sharply in early trade, with the Sensex dropping over 900 points to an intraday low of 76,802.73, driven by a sell-off in Adani Group stocks, rising geopolitical tensions, and ongoing foreign fund outflows. Market analysts are concerned about the impact of state assembly election results on market sentiment, particularly if the ruling Maharashtra government faces unfavorable outcomes. The Nifty PSU Bank index was the biggest laggard, declining 3.58%, with major losses attributed to heavyweights like State Bank of India and Adani Enterprises.
