Indian stock markets experienced a second day of decline, with both the Sensex and Nifty 50 shedding over half a percent. The Sensex fell approximately 400 points to 77,448, and the Nifty 50 dropped 113 points to 24,214. Despite this dip, midcap and smallcap indices showed resilience, outperforming the broader benchmarks. Market volatility remained stable.