Indian stock markets continued to experience pressure, with the Nifty 50 index dropping 188.65 points to 24,191.25 and the S&P BSE Sensex decreasing by 741.11 points to 77,762.77. Investor sentiment is cautious due to rising crude oil prices, which have surged above $100 per barrel, raising concerns over inflation and potential economic slowdown. The Nifty Auto index fell 1.98% over two trading sessions, with major auto stocks like TVS Motor Company and Mahindra & Mahindra witnessing declines. Additionally, HSBC downgraded Indian equities to underweight, citing the impact of higher oil prices on earnings growth. The broader market showed mixed results, with 1,767 stocks rising against 2,178 falling on the BSE. The market's volatility is reflected in the NSE's India VIX, which increased by 3% to 18.85. Global market trends also influenced local indices, as Asian markets faced losses amid geopolitical tensions in the Middle East.