So its normal, it wont really be giving out some impact not unless if we are talking about Binance,OKX,Kucoin or Coinbase on which it would really be getting hacked specially if the said funds that we are talking is huge and enourmous then there's really that probability that there would really be that a huge sell off. We've seen a couple of exchange hacks in the past and it did really make out some bad impact.
Going back int that WazirX on which i havent heard it off but since this would really be that local then it wont really be creating that too much buzz when it comes to this.
This is why its never been that recommended that putting up some funds or money on exchange platforms. You dont possess the keys and once it do get hacked then youre fucked up.

Also, not all exchange hacks incidents would really be creating such negative impact or even into those other incidents about hacks or exploited funds or bridges but still the market didnt really react
according into it. This what makes it really hard for you to apply some fundamental analysis in regarding into your trades because the market cant really just that easily make out
those immediate effect because it could neither be dumping or would be moving sideways or would be even going upwards.

I will say that maybe formally when Bitcoin was not as strong as it is right now, the market would have been affected but currently people do not really care because even for someone like me I never heard of the news about the hack of this so called big Indian crypto exchange. I mostly only consigned with news about exchanges in my country because they are facing problems from the government and not even threats from hackers, although I never know but I think that even if there is a hack somehow, it still will not affect the market price because it is not a global situation, and bitcoin is global.

The answer is very simple because it depends on how big the hacked exchange is and even if an exchange like WazirX has a huge amount of Bitcoin in it, it still depends on the hacker himself, whether he will immediately sell all the Bitcoin obtained through the hack of the exchange or even store it in another wallet without selling even a little. So it will not directly affect the Bitcoin price if the hacked exchange is only a small exchange and there is no sale of Bitcoin by the hacker in large amounts to other exchanges.

reasons that don't involve the link between hacking and bitcoin.
because BTC went down because there was negative news to attack BTC so that it returned to a price below the target,

The amount stolen was large , almost half of their total reserves. It was not in bitcoin though.