The Indian stock market faced a significant downturn as the Benchmark BSE Sensex dropped 824 points, marking a 1.08% decrease to settle at 75,366.17. This decline represents a seven-month low for the index. and brings the year-to-date loss to 4%. The Nifty 50 index also experienced a sizeable drop, losing 263.05 points or 1.14%, ending at 22,829.15 and slipping below the 23,000 support level.
Among the shares in the Sensex, HCL Tech (NSE: HCLTECH) saw the steepest decline, falling by 4.6%. The market was hit across a broad range of sectors, with IT, telecommunications, utilities, power, consumer durables, oil and gas, and healthcare all coming under pressure.
Despite the prevailing market downturn, there were some bright spots. ICICI Bank shares rose by 1.53% after it reported positive third-quarter results. Britannia Industries also had a green day, ending up 1.46% on the Nifty.
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