Key stock indices suffered their worst single-day losses in percentage terms since June 13, 2022.

Benchmark Sensex nosedived 1,628 points or 2.23% on January 17, marking its biggest single-day slide in more than one-and-a-half years following an intense sell-off in banking, metal and oil shares triggered by weak global trends. The 30-share BSE Sensex plunged 1,628.01 points or 2.23% to settle at 71,500.76 with 24 of its constituents ending in the red. During the day, it plummeted 1,699.47 points or 2.32% to a low of 71,429.30. The Nifty tanked 460.35 points or 2.09% to settle at 21,571.95, falling for the second day in a row.

Key stock indices suffered their worst single-day losses in percentage terms since June 13, 2022. The heavy fall in the markets comes on the back of a recent record-breaking rally. The BSE benchmark hit its all-time high of 73,427.59 on January 18, and the Nifty also reached its lifetime peak of 22,124.15 on the previous day.

Top gainers and losers on stock market today

According to source Indiatv HDFC Bank was the top loser on the stock market today, being the culprit of the massive Sensex drop on Wednesday. After dropping 8.44 percent, a day after its Q3 results were released, HDFC Bank shares stood at ₹1,537.50 during closing bell. Other laggards on the market today were Tata Steel, Kotak Mahindra, Axis Bank, Adani Enterprises and ICICI Bank.

Nifty Bank saw a major crash today, all thanks to the stunted quarterly earnings of HDFC. While the markets saw a major dip today, a few stocks still managed to show marginal growth. HCL Technologies became the top gainer on Wednesday, with its share price at ₹1,575.90 during closing bell, rising by 1.31 percent.

Other gainers on the market were SBI Insurance, Tata Consultancy Services (TCS), Infosys and Tech Mahindra, all showing a growth below one percent on January 17.