Market Turbulence Leads to Significant Sensex Drop

In a day marked by high volatility, the Sensex experienced a notable decline, closing down by 112 points at the 73,086 mark. This downturn was primarily driven by significant losses in HDFC Bank and RIL, which were the major contributors to the day's downward trend.

UltraTech Cement, however, bucked the trend, closing over 2% higher. This comes after the company faced a selloff on Friday, following its announcement to venture into the cables & wires business. The market's reaction to UltraTech Cement's strategic move highlights the complex dynamics at play in the financial markets.