Indian equity markets suffered a sharp decline on Tuesday, with the benchmark Sensex dropping more than 500 points to an intraday low of 77,063.
The broader Nifty 50 index also retreated, touching 24,050 on the downside as investor sentiment soured under the weight of external headwinds.
The sell-off was primarily driven by rising crude oil prices and escalating geopolitical tensions, which have reignited concerns about global supply chain stability and inflationary pressures.
These macro factors triggered broad-based selling across key sectors, with information technology and metals stocks bearing the brunt of the decline.
This move extends a period of volatility for Indian equities, which have struggled to maintain support levels in recent sessions.
The breach of the 24,000 mark on the Nifty 50 represents a significant technical level, signaling weakening momentum among domestic and foreign investors alike.