The Indian stock market experienced a significant downturn, with the Sensex crashing 750 points and the Nifty slipping below 23300. Public sector banks were particularly affected, as the Nifty PSU Bank index fell 5% during Thursday’s intra-day trade, marking its sharpest intra-day decline in over five months. Shares of major public sector banks, including SBI, PNB, Canara Bank, and Bank of Baroda, were notably impacted. The steep drop in the PSU Bank index is attributed to the ongoing Adani bribery row, which has negatively influenced market sentiment.