Goa, Feb. 28 -- The stock market experienced a significant downturn today, with the BSE Sensex and Nifty50, the primary equity indices in India, suffering substantial losses during trading on Friday. The BSE Sensex fell below the 73,600 mark, while the Nifty50 dropped below 22,250. At 10:01 AM, the BSE Sensex was recorded at 73,597.70, reflecting a decrease of 1,015 points or 1.36%. Meanwhile, the Nifty50 stood at 22,227.90, down by 317 points or 1.41%.

The declines in the Sensex and Nifty were primarily driven by notable losses in the banking and IT sectors. Investor sentiment remained cautious in anticipation of important GDP data and in reaction to recent comments made by US President Donald Trump concerning tariffs.

The overall mark...