Mumbai: The Indian stock market faced a sharp correction on Friday, wiping out recent gains as the BSE Sensex plummeted 1,097 points to close at 78,919. The NSE Nifty 50 followed suit, sliding 315 points to end the session at a lower threshold. The sell-off was triggered by aggressive profit-booking and cautious global cues, with the banking, realty, and auto sectors bearing the brunt of the selling pressure. Investors remained wary as volatile geopolitical conditions continued to weigh on emerging markets.