Closing bell: Dalal Street witnessed a sharp correction on Thursday, with benchmark indices snapping a three-day winning streak and closing at the day’s low amid broad-based selling pressure.

The Sensex fell 1,236 points to end at 82,498, while the Nifty declined 365 points to settle at 25,454, slipping below the 25,500 mark. All 30 Sensex constituents closed in the red, reflecting the intensity of the selloff.

More than ₹7 lakh crore was erased from the market capitalisation of BSE-listed companies. Market breadth remained firmly negative, with the NSE advance-decline ratio at 1:3.

The India VIX surged over 9%, signalling a spike in volatility. All major sectoral indices ended lower, with Nifty Realty among the worst hit. The Nifty Bank index dropped 811 points to 60,740, while the Midcap index plunged 956 points to 59,228.

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InterGlobe Aviation, Trent, UltraTech Cement and Mahindra & Mahindrawere among the top Nifty losers. In the broader market, HPCL, Persistent Systems, Paytm, Poonawalla Fincorp and Godrej Properties saw notable declines.

However, ONGC and Oil India gained up to 5% as Brent crude climbed above $71 per barrel.

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