Sensex falls 801.67 points, while Nifty drops 215.50 points

NEW DELHI: The stock market saw a sharp decline on Tuesday, with the Sensex and Nifty indexes falling sharply as a result of index heavyweights Reliance Industries and HDFC Bank taking profits after a spike in the previous session.

The BSE Sensex closed at 71,139.90, down 801.67 points, or 1.11%. It dropped to 71,075.72 at its lowest point of the day, a loss of 865.85 points or 1.20%.
In the meanwhile, the Nifty closed at 21,522.10, down 215.50 points, or 0.99%.
Bajaj Finance suffered a setback, plunging 5.03% after its underwhelming results for the December quarter failed to satisfy investors.
Reliance Industries, Titan, UltraTech Cement, Bajaj Finserv, ITC, and NTPC were some of the other significant Sensex underperformers.
Tata Consultancy Services, Tech Mahindra, Power Grid, State Bank of India, Hindustan Unilever, and Tata Motors all saw advances.
Tokyo had a positive finish in Asian markets, whilst Seoul, Shanghai, and Hong Kong saw lower closing values. While US markets concluded Monday’s trading session higher, European markets saw gains.
On Monday, the Nifty increased by 385 points, or 1.80%, to 21,737.60, while the BSE benchmark gained 1,240.90 points, or 1.76%, to finish at 71,941.57.