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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Stock Market Down: Bulls lose ground! Sensex sinks nearly 900 points, Nifty ends below 22,900; 5 key triggers behind Rs 5 lakh crore selloff

Axis Bank HDFC Bank SBI UltraTech Cement Stock Market

The Indian stock market crashed on Monday, with Sensex and Nifty sliding more than 1% each as strong selling in heavyweight private banks along with other factors spooked investors.

Sensex dropped nearly 900 points to close at 73,853 while Nifty 50 fell over 250 points to end the session below the 22,900 level. The selloff wiped nearly Rs 5 lakh crore off the combined market value of BSE-listed companies, taking it below Rs 468 lakh crore.

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