Sensex fell 720.60 points (-0.90%) to 79,223.11, while Nifty lost 183.90 points (-0.76%) to 24,004.75, weighed down by IT and financial stocks.

The 30-share BSE benchmark Sensex surged by 1,436 points, or 1.83%, closing at 79,943. The broader NSE Nifty gained 446 points, up 1.88%, ending at 24,188. Now, during the day, we saw the Sensex climb over 1,500 points, while the Nifty50 advanced beyond 450 points, reclaiming that crucial 24,200 mark.

Sensex fell 109 points (-0.14%) to 78,139.01, while Nifty ended flat at 23,644.80, achieving 8% annual gains for the ninth consecutive year. Persistent foreign fund outflows and selling in IT and financial stocks weighed on indices.

The markets faced significant pressure today, with the Sensex closing down by 451 points, settling at 78,248 This marks a 0.74% decline, which is quite notable.

On Friday, Indian benchmark indices had a volatile session, but despite some ups and downs, they managed to close slightly higher. The S&P BSE Sensex settled at 78,699, marking an increase of 226.6 points, which is a rise of 0.29%. The broader Nifty 50 index followed suit, closing at 23,813.40, up by 63.20 points or 0.27%.

The Indian equity markets wrapped up a muted trading session with benchmark indices closing near flat levels. The S&P BSE Sensex declined marginally by 0.39 points, settling at 78,472.48. Meanwhile, the Nifty managed to eke out a slight gain, ending at 23,750.20, up 22.55 points or 0.1%.

The IT sector declined by 0.4%, with Infosys dropping 1.1%, making it the biggest drag on the Nifty 50. Financial indices also saw losses.

Intellect Design Arena, India Cements, Phoenix Mills and Lodha rose between 3-17% while Insurance stocks such as GIC, Star Health and Allied Insurance Company, and New India Assurance Company dipped between 2-5.4% along with Zomato.

Indian equity markets faced a sharp decline today, with both benchmark indices witnessing significant losses. The Sensex plummeted by 1,176.46 points (-1.49%) to close at 78,041.59, while the Nifty fell by 364.20 points (-1.52%) to settle at 23,587.50.

Indian indices closed sharply lower with the Sensex down over 950 points and the Nifty falling below 24,000. Key drags were ICICI Bank, Reliance Industries, and HDFC Bank. Here are 5 reasons behind today's market mayhem.