In mid-afternoon trading, the Indian equity markets experienced substantial losses, with the S&P BSE Sensex falling 1,150.53 points (1.47%) to 76,420.65 and the Nifty 50 index declining 295.30 points (1.23%) to 23,703.00. Market volatility was heightened by uncertainty surrounding the US-Iran ceasefire and the upcoming quarterly results from Tata Consultancy Services (TCS). The Nifty PSU Bank index, which had surged previously, dropped 1.44% to 8,590.85, with major public sector banks like State Bank of India and Bank of India recording losses. Despite the downturn, the World Bank has revised India's growth forecast upwards to 6.6% for the current financial year, driven by strong domestic demand and resilient exports. However, elevated global energy prices may impact household incomes. In commodities, Brent crude oil prices rose by $3.39 to $98.14 per barrel, while the Indian rupee weakened against the dollar, trading at 92.7800.