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**Indian Stock Market Plunges, Sensex Drops Over 450 Points**

**Mumbai, India –** The Indian stock market experienced a significant downturn on Monday, with both the Sensex and Nifty indices closing in the red. A sluggish start to the trading day was followed by a persistent decline, leaving investors concerned.

The Bombay Stock Exchange’s (BSE) 30-share Sensex ended the day down 452.44 points, closing at 83,606.46. The National Stock Exchange’s (NSE) Nifty mirrored this trend, falling 120.75 points to close at 25,517.05.

Banking stocks were particularly hard hit, with Axis Bank, ICICI Bank, and Kotak Mahindra Bank among the major losers.

Despite opening at 84,027.33 and briefly rising to 84,099.53, the Sensex quickly entered negative territory and continued its downward trajectory throughout the session, reaching a low of 83,482.13. Similarly, the Nifty, after a slight initial gain to 25,661.65 from its previous close of 25,637.80, succumbed to selling pressure, hitting a low of 25,473.30 during the day.

At the close of trading, 1,674 companies registered losses, while 2,288 companies closed with gains. 160 companies saw no change in their stock’s condition. On the Nifty, Tata Consumer Products, Axis Bank, Kotak Mahindra Bank, Hero MotoCorp, and Maruti Suzuki experienced the steepest declines. Realty, FMCG, Auto, and Metal stocks were also among the underperformers.

Axis Bank (2.11%), Kotak Bank (2.03%), Maruti (1.95%), and ICICI Bank (1.09%) led the laggards in the large-cap category. Glaxo (2.15%) and Nykaa (1.17%) were among the worst performers in the Midcap category.

Despite the widespread losses, some stocks bucked the trend. Trent (3.34%), SBI (1.86%), and BEL (1.63%) stood out as top performers in the large-cap segment. Endurance (5.33%), Maha Bank (5.02%), NICL (4.22%), and IPCA Labs (4.09%) also posted gains.

**Disclaimer:** Investors are advised to consult with their financial advisors before making any investment decisions.

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