The BSE Sensex dropped over 500 points on Thursday, closing below the 24,100 mark, primarily dragged down by a sharp decline in HDFC Bank shares.
HDFC Bank stock fell more than 2% to hit a 52-week low following reports of a US class-action lawsuit alleging securities violations and bribery schemes.
Market analysts note that while broader Asian indices showed gains, Indian markets remained muted as investors reacted to the bank's legal challenges and persistent geopolitical uncertainty.