Indian equity markets experienced significant declines on May 22, 2025, with the BSE Sensex dropping over 800 points to 80,784 and the NSE Nifty50 falling 269 points to 24,544. The downturn was influenced by global market trends, particularly concerns over the U.S. fiscal situation following Moody's downgrade of the U.S. credit rating. The sell-off was broad-based, affecting all major sectors, with IT companies leading the losses due to their significant revenue exposure to the U.S. market. The Nifty IT index fell by 1.5%, reflecting heightened investor caution amid rising U.S. bond yields, with the 20-year U.S. bond yield reaching its highest level since November 2023, and fears of an unsustainable U.S. fiscal deficit. Asian markets mirrored the negative sentiment from Wall Street, with declines in key indices across the region. The broader Indian market indices, including mid-caps and small-caps, also saw declines, with losses of 0.6% and 0.3% respectively. Adani Ports and IndusInd Bank were among the few gainers in the Sensex.