Nifty 50: closed at 23,152.90, down 489 points (-2.06%)

Sensex: closed near 74,563, down about 1,470 points (-1.9%)

Bank Nifty: around 54,000, falling roughly 2%+ during the session

Key Reasons for the Decline

Rising crude oil prices near $100 increased inflation concerns.

Geopolitical tensions in the Middle East triggered global risk-off sentiment.

Weak global markets and FII selling added pressure.

The Indian rupee hit a record low, reflecting risk aversion and capital outflows.

Sector Performance

Metal, PSU Banks, Realty, and Consumer Durables were among the biggest losers.

Financials and auto stocks also remained under pressure.

FMCG stocks showed relative resilience as investors shifted to defensive sectors.

Overall Market Mood
The market witnessed broad-based selling and high volatility, with indices hitting their worst weekly decline in over a year as geopolitical tensions and rising oil prices dampened investor sentiment.