Indian markets fell 0.8% due to political concerns as an ally of the ruling government withdrew support over fuel price hikes and foreign direct investment in retail. Shares in retail companies declined sharply from the uncertainty around FDI policy. The BSE Sensex closed at 18,349.25, down 146 points, and the Nifty fell 45 points to close at 5,554.25. Metals, capital goods, and power sectors witnessed the largest losses while IT and FMCG gained.