Indian Share Market Plunges: Sensex Dips 550 Points, Nifty Below 26000

• Sensex fell 345.91 points to 84,695.54; Nifty dropped 100.20 points to 25,942.10.
• Market decline attributed to low year-end trading volume and continuous FII selling of Rs 317.56 crore.
• Rising crude oil prices ($61.27/barrel) and weak global cues from US and Japan also pressured markets.
• Indian Rupee weakened by 5 paise to 89.95 against the US dollar.
• IT, banking, power, and realty stocks saw the sharpest declines.

Why It Matters: Indian stock market fell sharply due to FII selling, high crude prices, weak global cues, and low year-end volume.