The Indian stock market has experienced a sharp decline, with the Nifty 50 index dropping 1,180.8 points, or 4.76%, to close at 23,587.50, while the BSE Sensex fell 4,091.53 points, or 4.98%, to finish at 78,041.59. This marks the largest weekly decline in over two years, driven by significant selling from Foreign Portfolio Investors (FPIs), who sold equities worth ₹15,828.11 crore during the week. The downturn was exacerbated by a hawkish outlook from the US Federal Reserve regarding interest rates, leading to uncertainty among investors. The market's performance reflects a broader trend, as all sectors ended the week in the red, with a cumulative loss of approximately ₹8.75 trillion in investor wealth. Analysts suggest that upcoming global economic indicators, including US bond yields and employment data, will be pivotal in determining market direction in the coming week.