•Benchmark indices Sensex and Nifty saw significant profit booking after an early rise, with Sensex falling 400 points from its day's high and Nifty trading below 25,550.
•Foreign and Domestic Institutional Investors (FII, DII) were net sellers, offloading substantial amounts of Indian equities.
•A weakening rupee, trading at 90.95 against the US dollar, added to market concerns.
•IT sector experienced a significant selloff for the third consecutive session, contributing to the Nifty IT index's longest losing streak in nearly four years, while India VIX surged 7.65% indicating increased market volatility.
