Stock Market Highlights: Sensex, Nifty settle lower on FII selling; Bajaj Auto plummets 13%; Hyundai IPO sails through

Sensex, Nifty, Share Prices LIVE: Indian equity benchmarks witnessed a sharp sell-off on Thursday, with the Sensex plunging nearly 500 points and Nifty falling below the 24,750 mark, primarily dragged down by auto stocks, following Bajaj Auto’s weak festival sales commentary.

The 30-share BSE Sensex closed at 81,006.61, down 494.75 points or 0.61 per cent, while the broader NSE Nifty declined 221.45 points or 0.89 per cent to end at 24,749.85. The market breadth remained significantly negative, with 2,690 stocks declining against 1,272 advances on the BSE.

Two-wheeler manufacturer Bajaj Auto emerged as the biggest laggard, plummeting 13.11 per cent after reporting disappointing festival sales. The negative sentiment spilled over to other auto stocks, with Mahindra & Mahindra falling 3.52 per cent and Hero MotoCorp declining 3.39 per cent.