The Indian benchmark indices settled at 77,949 declining 161.44 points and the Nifty ended at 24,196.75 falling more than 34 points at 3:30 PM.

Previously, during the early morning session, the BSE Sensex started the day above 78,550, climbing more than 400 points, while the NSE Nifty50 opened trading over 24,300, jumping a little over 100 points, as of 9:15 AM.