On Friday, the Indian stock market faced a downturn, with the S&P BSE Sensex declining by 516.33 points (0.66%) to close at 77,328.19 and the Nifty 50 index slipping 150.50 points (0.62%) to 24,176.15. This drop marks a continuation of losses for a second consecutive session, primarily driven by escalating geopolitical tensions surrounding the US-Iran conflict. The situation has led to Brent crude oil prices exceeding $100 per barrel, raising concerns about inflation and increasing India's import costs. Additionally, the Indian rupee fell to approximately 94.45 per dollar, further denting investor confidence. Major financial institutions like State Bank of India and HDFC Bank faced significant stock price declines of 6.62% and 1.84%, respectively. Despite the overall market decline, sectors such as IT and consumer durables saw some buying interest, indicating a mixed performance across the market. The broader market showed resilience, with the BSE 150 MidCap Index losing only 0.05% and the BSE 250 SmallCap Index gaining 0.15%. Investors remain cautious, closely monitoring upcoming Q4 earnings announcements for further direction.