Market wrap: Sensex falls 250 points, Nifty closes below 23,900 on monthly expiry day

Indian benchmark indices ended lower on monthly F&O expiry day, with the BSE Sensex falling around 250 points to 76,479 and the Nifty 50 declining over 80 points to close at 23,866. IT stocks led losses on persistent US Fed rate hike concerns, dragging the Nifty IT index to a 52-week low, while broader markets stayed firm with Nifty Smallcap 100 rising over 1%. Maruti Suzuki surged more than 5% after an international brokerage upgrade raised its target to Rs 16,500, while Titan, Bajaj Finance and Eternal gained 2-3%.