On December 13, 2024, Indian equity markets experienced significant declines, with the Sensex falling over 1,000 points and the Nifty dropping below 24,300. The Sensex was reported at approximately 80,184.75, down 1,105 points, while the Nifty was around 24,219.25, down 329.45 points. This market turmoil was largely attributed to heavy selling across all major sectors, particularly in metal and PSU bank stocks, which faced substantial losses. The Nifty Metal index fell by 2.5%, with significant declines in shares of SAIL and NMDC, which dropped nearly 6% and 4.44%, respectively. Additionally, the Nifty PSU Bank index tumbled by 2.7%, influenced by drops in major banks like SBI and Bank of Baroda. The market's volatility was exacerbated by weak global cues and uncertainty regarding policy measures from China, a key consumer market. As the day progressed, the Nifty showed some recovery, regaining over 350 points from its lows, while smallcap and midcap indices also saw slight rebounds.