Stock Market HIGHLIGHTS : Sensex plunges 1,648 pts in two days, Nifty gives up 17,650 as market sinks to three-month lows

 Indian equity benchmarks Sensex and Nifty50 tumbled to three-month lows on Friday amid a broad-based sell-off on Dalal Street. However, losses in financial, oil & gas and metal shares though gains in auto and select FMCG shares lent some support. Among heavyweights, losses in ICICI Bank, Adani Enterprises, Adani Ports, Reliance, the HDFC twins, SBI and Infosys were at the forefront of the market fall. 

Here are 10 key things to know about the January 27 session on Dalal Street:

1) The Sensex finished the day with a loss of 874.2 points or 1.5 per cent at 59,330.9, and the Nifty50 settled at 17,604.4, down 287.6 points or 1.6 per cent from its previous close — their lowest closing levels since October 21, 2022. During the session, both headline indices plummeted around two per cent.



2) A total of 37 stocks in the Nifty50 basket ended in the red, with Adani Enterprises and Adani Ports being the top laggards, falling 18.3 per cent and 15.2 per cent respectively. SBI, ICICI Bank, IndusInd Bank, ONGC, Bharat Petroleum, Kotak Mahindra Bank and Hindalco were some of the other worst hit stocks in the 50-scrip pocket. 

3) Tata Motors, Bajaj Auto, Dr Reddy's, ITC, Cipla, Divi's, Apollo Hospitals, UPL, Mahindra & Mahindra and HDFC Life were the top gainers, rising between 0.5 per cent and 6.3 per cent for the day.

4) ICICI Bank, Reliance, HDFC Bank and SBI were the biggest drags on both headline indices, accounting for nearly 600 points in the fall in the 30-scrip gauge.

5) Overall market breadth sharply favoured the bears, with an advance-decline ratio of 1:3 as 784 stocks rose and 2,783 fell on BSE. 

6) Adani group stocks nosedived, losing Rs 4.2 lakh crore of their combined market value.

7) The rupee inched higher to end at 81.52 against the US dollar.