Sensex slides 500 points, Nifty dips amid West Asia tensions

The Sensex fell over 500 points while the Nifty declined as investor sentiment weakened due to escalating tensions in West Asia. IT stocks faced particular pressure, with major technology companies seeing selling pressure.

Foreign institutional investors continued their outflows from Indian markets, adding to the downward momentum. The combination of geopolitical concerns and foreign fund withdrawals dampened market confidence.