Sensex tumbles 800 points, Nifty below 24,600; IT, bank stocks drag

Indian benchmark equity indices experienced a decline on Thursday, influenced by banking and IT sector downturns. This downturn mirrors global investor apprehension stemming from U.S. fiscal uncertainties and escalating Treasury yields. The decline follows Moody's recent downgrade of the United States' credit rating, further contributing to fragile market sentiment and capital outflows from emerging markets like India.