In morning trade, the Nifty 50 index dropped 307.55 points, or 1.27%, settling at 23,868.60 due to escalating tensions following U.S. President Donald Trump's rejection of Iran's response to a peace proposal. This geopolitical instability, combined with domestic concerns over rising energy prices, led to a weak market sentiment. Prime Minister Narendra Modi urged citizens to adopt austerity measures, including reducing fuel consumption and avoiding non-essential imports, particularly gold. The S&P BSE Sensex also fell sharply, down 1,106.59 points or 1.43% to 76,224.21. The consumer durables sector was particularly hard hit, with the Nifty Consumer Durables index declining 3.70%. Major companies like Kalyan Jewellers and Titan Company saw significant losses of 8.96% and 7.64%, respectively. In contrast, Tata Consumer Products reported a 21.53% increase in net profit, highlighting some resilience in the broader market. Overall, the market breadth was negative, with 2,650 shares declining against 1,268 advancing.