Equity markets witnessed a sharp decline as the Sensex fell by 722 points, closing at 83,216.
The Nifty also registered a significant drop, shedding 230 points to settle at 25,492 amid broad-based selling pressure.
Market sentiment was weighed down by global cues, profit booking in key sectors, and investor caution ahead of upcoming economic data releases.
Analysts suggest that volatility may persist in the near term, urging investors to remain selective and focus on fundamentals.
