The benchmark BSE Sensex closed 1,414.33 points or 1.90% into the red, reaching 73,198.10. The broader NSE Nifty was down by 420.35 points down or 1.86% in the red, reaching 22,124.70.

Also Read: Google announces layoffs in US-based HR, cloud units to cut costs and invest into AI infrastructure: Report

Which stocks fell the most?

Among the Sensex stocks, IndusInd Bank fell the most by 7.02%, closing at ₹972.80. This was followed by Tech Mahindra, which fell 6.38%, closing at ₹1,486.00, and Bharti Airtel, which fell 5.07%, closing at ₹1566.

Only one out of the 30 Sensex stocks was in the green. It was HDFC Bank which was up 1.79%, closing at ₹1,729.90.

Also Read: Over 100 sacked Infosys employees petition PMO, IT giant rejects charges: Report

How did individual sectors perform?

Among the Nifty sectoral indices, the Nifty IT Index fell the most by 4.18%, reaching 37,318.30. This was followed by the Nifty Auto Index, which fell 3.92%, reaching 20,498.60, and the Nifty Midsmall IT & Telecom Index, which fell 3.72%, reaching 8,780.80.

The Nifty IT Index was dragged down by Tech Mahindra (6.44% down), Wipro (5.43% down), and MphasiS (5.31% down).

The Nifty Auto Index was dragged down by Ashok Leyland (5.11% down), Mahindra & Mahindra (4.82% down), and TVS Motor Company (4.43% down).

The Nifty Midsmall IT & Telecom Index was dragged down by Zensar Technologies (7.50% down), Zensar Technologies (6% down), and Tata Technologies (5.97% down).

Also Read: What is a payday loan? Benefits, risks, eligibility, and documents explained

How did the stock market open today?

The stock market plunged into the red as the trading session began today, with mid and small cap IT and telecom stocks, along with metal and auto stocks, falling the most.

At 9:20 am IST, the benchmark BSE Sensex plummeted by 746.12 points or 1%, reaching 73,866.31. The broader NSE Nifty opened 221.15 points down or 0.98% in the red, reaching 22,323.90.

Among the 30 Sensex stocks, IndusInd Bank fell the most upon opening by 4.07%, trading at ₹1,003.75. This was followed by Mahindra & Mahindra, which fell 2.86%, trading at ₹2,648.00, and NTPC, which was down by 2.61%, trading at ₹307.50

All of the Sensex stocks were in the red.

Among the Nifty sectoral indices, the Nifty Midsmall IT & Telecom Index fell the most by 2.52%, reaching 8,890.50. This was followed by Nifty Metal, which fell 2.10, reaching 8,159.80, and Nifty Auto, which was down 1.98%, reaching 20,913.80.

(This is a developing story. Stay tuned for updates)