The Indian stock market faced a downturn in mid-afternoon trading, primarily influenced by negative global developments, including the collapse of U.S.-Iran ceasefire negotiations and a sharp rise in crude oil prices, which raised concerns about a prolonged conflict in the Middle East. The S&P BSE Sensex dropped 572 points (0.74%) to 76,978.25, while the Nifty 50 index fell 170.60 points (0.71%) to 23,876.80. The IT sector was particularly hard hit, with the Nifty IT index declining 1.27%. Major IT companies like Tata Consultancy Services, HCL Technologies, and Infosys reported losses. Despite the overall market decline, the broader market indices, such as the BSE 150 MidCap and BSE 250 SmallCap, outperformed the frontline indices. The market breadth remained weak, with 1,795 shares advancing and 2,492 shares declining. Additionally, Brent crude prices surged 7.59% to $102.43 per barrel, further impacting market sentiments.