Stock market today, July 27 -- Stock markets experienced a decline for the second day in a row on Friday, with the Sensex dropping 721 points due to substantial selling pressure in financial, IT, and oil & gas sectors amidst continued foreign fund outflows.

The Sensex fell by 721.08 points, or 0.88%, closing at a level not seen in over a month at 81,463.09. During the day, it briefly dipped by 786.48 points, or 0.95%, hitting a low of 81,397.69.

The Nifty 50 also fell, decreasing by 225.10 points, or 0.90%, to reach a monthly low of 24,837. Analysts noted that a lackluster performance in Asian and European markets further impacted investor sentiment.

According to market analysts, Indian markets are expected to be affected by the ongoin...