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Market Close: Sensex Drops 876 Points, Nifty At 22,889

Indian stock markets snapped a two-day winning streak on Monday as heavy selling in IT and private bank stocks dragged benchmark indices lower. The Sensex plunged 876 points to close at 73,852.90, while the Nifty 50 settled at 22,889. Broader markets also faced losses, with midcap and smallcap indices closing down over one percent.