The BSE Sensex index fell 329.92 points or 0.43 per cent, closing at 76,190.46. During trading, it declined by 428.63 points or 0.56 per cent to 76,091.75. The NSE Nifty finished at 23,092.20, down by 113.

Foreign portfolio investors turned net sellers on Thursday, offloading shares worth Rs 5,462 crore, while domestic institutional investors picked up shares of Rs 3,713 crore

Analysts suggest that while talks of the US potentially lowering tariffs on China could offer temporary relief, underlying concerns continue to weigh on the markets.