Indian markets hit a five-month low as fears from the US banking crisis triggered a global selloff. The Nifty 50 dropped 0.65% to 17,043.30, while the Sensex fell 0.6% to 57,900.19. Public sector banks and IT stocks, exposed to the U.S. sector, were among the worst affected. Investors now await U.S. inflation data for hints on future Fed rate decisions.