Indian stock markets recorded a historic downturn during the annual Diwali Muhurat Trading session, breaking a nine-year winning streak for the benchmark indices.

Indian benchmark indices fell on Wednesday as persistent foreign investor outflows and rising global crude oil prices weighed on market sentiment.

GIFT Nifty signaled a positive start for Sensex and Nifty on Monday, following a strong Friday finish as global oil prices moved lower.

Indian benchmark indices pared their early-session advances, with ITC leading gains while HCL Technology faced the steepest losses.

Indian equity markets faced a sharp sell-off as crude oil prices climbed to $91 a barrel following renewed Middle East conflicts and U.S.-Iran tensions.

Global equity markets suffered heavy losses as escalating geopolitical tensions pushed Brent crude close to $100 a barrel and US Treasury yields climbed.

Indian equity markets extended their losing streak as the Sensex dropped 319.79 points and the Nifty fell below 24,100 amid rising global bond yields and spiking crude prices.

Indian stock markets are projected to open flat following a sharp decline in the previous session, pressured by rising energy costs and geopolitical tensions.

Crude oil prices plunged more than 9% to $88 a barrel after the US paused strikes on Iran and Tehran signaled restraint, boosting hopes of de-escalation.

Emcure Pharmaceuticals posts a 42% year-on-year increase in net profit for the first quarter, highlighting the latest corporate earnings updates.