Sensex Plummets 770 Points, Nifty Below 25,100; Adani Ports, Eternal Lead Losses

• Indian equity markets closed on a negative note, with Sensex falling 769.67 points to 81,537.70 and Nifty dropping 241 points to 25,048.65.
• Adani Ports, Eternal, IndiGo, Axis Bank, and PowerGrid were among the top losers, declining up to 7.52 percent.
• Tech Mahindra, Hindustan Unilever, Infosys, Asian Paints, TCS, and UltraTech Cement saw gains up to 0.71 percent.
• Broader markets also faced pressure, with BSE MidCap and SmallCap down by 1.56% and 2.19% respectively.
• Factors like global uncertainty, domestic macro headwinds, elevated crude prices, rupee depreciation, FII selling, and upcoming Union Budget contributed to the cautious sentiment.

Why It Matters: Indian markets witnessed a significant sell-off due to global and domestic pressures, with Sensex and Nifty falling sharply.