Closing Bell: Sensex Drops 150 Points, Nifty Falls 53

Indian stock markets closed lower on Thursday as rising tensions between the US and Iran hurt investor sentiment. The Sensex fell 150.63 points to 73,832.55, while the Nifty slipped 53.35 points to 23,161.60. Concerns over oil supply disruptions and global uncertainty triggered selling in IT, midcap and smallcap stocks during the session.