Sensex Plunges 559 Points as IT Stocks Lead Market Crash, Nifty IT Sees Biggest Fall in 6 Years

• Indian stock market closed with significant losses, Sensex down 559 points to 83,675.
• Nifty fell 147 points to 25,807, while Bank Nifty saw a marginal 6-point decline.
• IT sector experienced a sharp intraday fall of over 5.5%, marking Nifty IT's biggest drop since March 2020.
• Market breadth was weak with 17 out of 30 Sensex shares and 30 out of 50 Nifty shares closing in red.
• Realty, oil and gas, energy, midcap, and smallcap shares also faced selling pressure; rupee strengthened by 11 paise.