- Equity benchmark indices declined after hitting fresh record highs, with Sensex dropping over 900 points, dragged by M&M and IT stocks.
- Sensex hit a new all-time high of 80,481.36 during opening trade but tumbled 915.88 points to 79,435.76 by late morning.
- Nifty also hit a fresh lifetime high but slumped all gains, declining 291.4 points to 24,141.80.
- Major laggards included Mahindra & Mahindra, HCL Technologies, TCS, Tata Steel, Kotak Mahindra Bank, and State Bank of India.
- Factors behind the fall include Fed Chair Jerome Powell's comments on rate cuts, across-the-board sell-offs, and technical market challenges.