Indian benchmark indices experienced significant declines on October 22, with the Nifty dropping below 24,500, reaching its lowest point in over two months.
The Sensex closed at 80,220.72, down 930.55 points or 1.15 percent, while the Nifty ended at 24,472.10, down 309.00 points or 1.25 percent.
The market was affected by extended selling in broader markets, poor global cues, and weak performance across various sectors.
Adani Enterprises, M&M, Bharat Electronics, Coal India, and Tata Steel were notable losers on the Nifty, while ICICI Bank, Nestle India, and Infosys were among the few gainers.
All sectoral indices closed in the red, with declines of 2-3 percent observed in auto, capital goods, metal, power, realty, telecom, media, and PSU banks.
The overall market sentiment reflects a broad-based sell-off, highlighting the challenges faced by investors in the current economic climate.