The benchmark indices suffered significant losses during the session. The Nifty 50 fell below the crucial 23,200 mark and closed at 23,151.10, down 488 points or 2.06%. Meanwhile, the BSE Sensex declined 1,470 points or 1.93% to end the day at 74,563.92.
The steep fall indicates that the benchmark indices are heading for their largest weekly decline in more than a year, largely driven by escalating global tensions and rising commodity prices.
