The Indian stock market faced a sharp decline at the start of the trading day, with the Sensex dropping 601 points to 73,294. This decline mirrored a widespread sell-off during late morning trading on Tuesday. The Nifty also experienced a significant dip, shedding 200 points to reach 22,242, indicating weak investor sentiment on Dalal Street.

Examining Market Trends:

• 25 stocks hit their 52-week lows, pointing towards a downturn in specific sectors.
• In contrast, 163 stocks reached their 52-week highs, showcasing mixed market dynamics.
• Market breadth showed a negative outlook, with only 948 out of 3,756 stocks trading positively. The majority, approximately 2,677 stocks, were in the red zone, while 131 remained unchanged.

Sectoral Performance:

• All 19 sectoral indices on BSE reported losses, with the auto, metal, capital goods, and consumer durables sectors bearing the brunt.
• BSE indices for auto, metal, capital goods, and consumer durables saw significant drops of 862, 682, 463, and 407 points, respectively, highlighting the widespread market downturn.

Market Circuit Activity:

• Lower circuits were triggered for 261 stocks, signaling a sharp market decline during the early morning session.
• Conversely, 199 stocks reached their upper circuit limits, indicating varying investor sentiments.

Broader Market Indicators:

• The BSE midcap index fell by 706 points to 41,320, indicating broader market weakness in mid-tier companies.
• Small-cap stocks on the BSE index dropped by 732 points to reach 45,961, further accentuating the downward trend.

Foreign vs. Domestic Investor Activity:

• Foreign institutional investors (FIIs) sold equities worth Rs 2,168 crore on a net basis on Monday, while domestic investors (DIIs) bought shares totaling Rs 781.39 crore, according to provisional NSE data. This divergence in activity adds complexity to market movements.

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