Tensions between the US and Iran have sparked concern over inflation. This has affected investor sentiment, leading to a decline in equity markets. The impact on IT shares was particularly significant, with several major companies experiencing heavy losses.

A key index for IT stocks fell by more than 3%, making it the worst-performing sector. Realty stocks were also affected.

Further details on the market decline and its effects on various sectors are available from the source, including specific changes in stock prices and indices.