On Thursday, the S&P BSE Sensex experienced a significant decline, plummeting 931.25 points or 1.20% to close at 76,631.65. This marked the end of a five-day winning streak, primarily driven by global uncertainties surrounding the US-Iran ceasefire. The Nifty 50 index also fell, dropping 222.25 points or 0.93% to 23,775.10. Investors remained cautious ahead of Tata Consultancy Services' (TCS) quarterly earnings report, which contributed to the weakened sentiment. Major banking stocks, including HDFC Bank and ICICI Bank, were significant contributors to the decline. Despite this, the broader market showed some resilience, with the BSE 150 MidCap index gaining 0.09% and the BSE 250 SmallCap index rising 0.25%. The World Bank's recent report raised India's growth forecast to 6.6% for the current financial year, citing strong domestic demand and resilient exports. However, concerns over elevated global energy prices could pressure household incomes moving forward.