Indian stock markets experienced a downturn today, with the Sensex and Nifty 50 falling due to weak global cues and concerns over inflation. Meanwhile, the Hyundai Motor India IPO saw a strong 18% subscription on its first day. The Election Commission announced the schedule for the Maharashtra and Jharkhand Assembly elections, with voting set to take place in November. Other key developments include the Centre’s plan to offload a 5% stake in Cochin Shipyard and the increasing tension between India and Canada.