Stock Market Today Highlights: Sensex slumps over 500 points, Nifty 50 ends below 25,700; IT, metals, auto stocks drag

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Broader markets also reeled under selling pressure, as the Nifty Smallcap 100 index dropped 1.29%, and the Nifty Midcap 100 index declined 0.28%. The Bank Nifty index ended 0.29% lower at 60,063.65.