Stock Market Plunges After 2:45 PM: Sensex, Nifty Tumble on Global Cues, Crude Hike

• Indian stock market experienced significant volatility, with Sensex and Nifty tumbling after 2:45 PM, closing mostly in the red.
• BSE Sensex closed down 78 points at 84,482, while NSE Nifty fell 3 points to 25,816, though it maintained the crucial 25,800 level.
• The afternoon decline was driven by weak global cues, with Asian and US markets showing negative trends.
• Sell-off in auto stocks, with some falling up to 2% due to profit booking, contributed to the market's weakness.
• Rising Brent crude oil prices ($60.07/barrel) fueled concerns about inflation and increased input costs for Indian companies.

Why It Matters: Indian markets closed lower after a sharp afternoon fall, influenced by global weakness and rising crude prices.