Sensex slides 1,272 pts, biggest drop in 2 moths

Mumbai’s Dalal Street witnessed a sharp selloff with Sensex and Nifty dropping nearly 1.5%, their steepest single-day fall since August. Major declines were seen in financial and IT sectors, while Reliance Industries’ significant loss contributed to a broader market downturn. Metals index bucked the trend, rising due to China’s stimulus measures.