The Indian stock market experienced a downturn, with the Nifty index closing below 22,400 points, marking a decline for the second consecutive session. Key losers included Shriram Finance, which fell by 2.85%, Tata Motors down 2.63%, and Hindalco decreasing by 1.73%. Conversely, BEL gained 2.29%, while SBI and ICICI Bank rose by 1.07% and 0.90%, respectively. Overall, 38 of the 50 Nifty stocks ended in the red. The broader market underperformed, particularly in the small-cap sector, which was down 1%. Sectoral indices also faced challenges, with real estate, media, and auto stocks leading the losses. The Nifty IT index entered a bear market, dropping 21% from its highs, resulting in a loss of approximately Rs 8.4 lakh crore in value. IndusInd Bank was notably affected, with a sharp decline of 28.2% reported for the week.