In morning trade, the Nifty 50 index experienced a notable decline, dropping 261.20 points or 1.10% to settle at 23,382.30, reflecting a broader sell-off across key equity benchmarks. This downturn was influenced by weak global cues and ongoing geopolitical uncertainties, leading to subdued investor sentiment. The S&P BSE Sensex also fell by 832.12 points or 1.10%, reaching 74,413.21. The consumer durables sector faced significant losses, with its index plunging 3.34% to 34,366.50, marking a third consecutive day of declines. Notably, Amber Enterprises India saw its stock price fall by 13.68%. In the foreign exchange market, the Indian rupee depreciated to an all-time low of 96.25 against the dollar, contributing to the negative market sentiment. Meanwhile, Brent crude oil prices increased by $1.83 to $111.09 per barrel, further impacting market dynamics. The broader market underperformed, with a negative market breadth as 3,102 shares declined against 764 shares that rose.