New Delhi, April 24 -- Uncertainty around the US-Iran ceasefire and weak medium-term earnings guidance from IT majors sparked a sharp sell-off in domestic equities, even as other Asian markets presented a contrasting picture.

Both the Nifty 50 and Sensex plummeted approximately 2% this week, snapping a two-week winning streak, and marking their worst weekly performance in nearly a month.

On Friday, the Nifty 50 fell for a third straight session, declining 1.1% to close at 23,897.95, breaking below the key 24,000 support level. The Sensex mirrored this retreat to end at 76,664.21.

In contrast, Asian markets thrived through the week. South Korea's Kospi gained 4.6%, while Taiwan's Taiex rose 2.5%, lifted by a global artificial intelligen...