Market wrap: Cipla, ONGC, HDFC Life, Bajaj Finance top gainers and losers on Nifty and Sensex on Thursday

Indian equities ended sharply lower, with the Nifty falling 1.64% and Sensex 1.67%, as rising bond yields and crude prices pressured sentiment. Broader indices declined, India VIX surged 22%, financial stocks led losses, and market breadth remained firmly negative.