The benchmark indices witnessed significant declines, with the Sensex tumbling 1.36 per cent to settle at 76,330.01 and the Nifty 50 sliding 1.47 per cent to close at 23,085.95, marking its lowest level in seven months. The rupee also recorded its steepest fall in nearly two years, weighed down by a stronger dollar and rising crude oil prices.

The market breadth remained relatively balanced, with 1,470 stocks advancing against 1,349 stocks declining, reflecting mixed investor sentiment.

The overall market breadth remained positive, with 1,824 stocks advancing against 997 stocks declining, highlighting strong investor sentiment.