The S&P BSE Sensex experienced a significant decline of 1,036.10 points (1.34%) to 76,514.15 in mid-morning trade, reflecting negative global cues stemming from the collapse of U.S.-Iran ceasefire negotiations and a sharp rise in crude oil prices, which surged 6.71% to $101.59 per barrel. The Nifty 50 index also fell by 295.50 points (1.23%) to 23,754.05. Auto shares, which had seen gains in the previous session, saw a downturn with the Nifty Auto index dropping 1.89% to 26,138.20. Major players such as Maruti Suzuki India and Eicher Motors reported declines of 4.09% and 3.76%, respectively. The market breadth was negative, with 1,683 shares advancing against 2,407 shares declining. The NSE's India VIX, which measures market volatility, increased by 9.77% to 20.69. Global markets also reacted negatively, as fears of extended conflict in the Middle East continued to strain investor sentiment, with U.S. consumer prices rising at the highest rate in nearly two years, further complicating economic forecasts.