Sensex falls over 500 points, Nifty below 23,900 as fading ceasefire hopes spike oil prices

Indian stock markets ended a five-day winning streak on Thursday, with the Sensex and Nifty 50 experiencing declines. Investor sentiment was dampened by diminishing hopes for an Iran-US ceasefire, among other factors. Major losers included Infosys and Adani Ports, while Tata Steel and NTPC saw gains.