The Nifty index closed at 24,750, with the Sensex down 495 points. The auto sector faced significant losses, dragging the market down, while the Information Technology sector saw a rise of 1%.
Key Nifty losers included Bajaj Auto, Shriram Finance, Hero MotoCorp, Nestle, and M&M, all falling sharply. In contrast, Tech Mahindra, Infosys, L&T, Power Grid Corp, and SBI were among the gainers. Most sectoral indices closed lower, with auto, media, and realty sectors down by 2-3%. Additionally, BSE midcap and smallcap indices lost over 1%, indicating widespread selling pressure across the market.