The Nifty closes 450 points below its peak, with these stocks accounting for the most of the decline.

These Nifty 50 giants, which include Reliance Industries, ICICI Bank, and HDFC Bank, are the main causes of the market decline.

The Nifty 50 index ended the trading day with losses of more than 350 points, down more than 450 points from its peak. The Nifty 50 contracts also had their monthly expiration today. The largest contributors to the index's decline are the 46 stocks on the Nifty that concluded Thursday's trading session down. It should be mentioned that the index has risen more than 1,000 points from its low on Thursday, both before and after the results of the Maharashtra election.

One of the main causes of Thursday's Nifty decline was Infosys. The stock saw a substantial correction from the day's highs and finished with losses of more than 3.5%. Infosys was responsible for 40 points of the decline.

After a 20% correction from its top, Reliance Industries' shares were beginning to show signs of recovery from the recent lows. At higher levels, it is also experiencing some selling pressure, which has also contributed 36 points to the Nifty's decline. On Thursday, the stock ended the day 1.7% lower.

Earlier on Thursday, HDFC Bank set a new record high, but as the market started to decline, it made a significant correction. After being in the green for the majority of the first hour of trading, the stock contributed 35 points to the Nifty's decline.

The other of the two major banks that played a role in the decline of the Nifty was ICICI Bank. The stock fell more than 2% and contributed more than 25 points to the Nifty's drop.

Following its recent launches, M&M shares were in the spotlight and contributed more than 20 points to Thursday's decline in the Nifty. According to brokerage business Nuvama, M&M is one of its top choices in the automotive industry.

TCS is one of the biggest losses on the Nifty IT index and one of the main causes of the Nifty's decline. The massive Tata Group is responsible for about 19 points of the Nifty's decline.