Market at Close | Sensex slumps 556 points, Nifty ends below 24,900; IT stocks extend losing streak

The weakness was led by auto and IT stocks. The Nifty IT index recorded its fifth straight day of losses, with Tata Consultancy Services hitting a 52-week low. Tata Motors dropped 3% following updates on the impact of the recent cybersecurity incident at its Jaguar Land Rover unit.

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