Indian benchmark indices fell like a pack of cards on Thursday on the back of significant selling pressure in IT and bank stocks as fears of a slower than expected rate cut by the US Fed weighed on the domestic technology sector. While the S&P BSE Sensex settled at 79,043.74, down by 1,190.34 points or 1.48%, the broader Nifty closed 23,914.15, lower by 360.75 points or 1.49%.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the current market sentiments appear weak and further weakness cannot be ruled out.