Equity markets fell sharply on Thursday, with the Bombay Stock Exchange (BSE) Sensex tumbling 592.67 points and the National Stock Exchange (NSE) Nifty slipping to 25,877.85, as fresh foreign fund outflows and lack of clarity on the future course of United States (US) Federal Reserve rate cuts weighed on investor sentiment, news agency PTI reported.

The 30-share Sensex closed at 84,404.46, down 0.70 per cent. Earlier in the day, it had hit a low of 84,312.65, losing 684.48 points or 0.80 per cent.