Mumbai, Jan. 27 -- The stock market plunged downwards on Monday, with both Sensex and Nifty taking a significant hit as investor sentiment turned bleak amidst global and domestic challenges.

The Sensex fell by 824.29 points, closing at 75,366.17, while the Nifty dropped 263.05 points to close at 22,829.15.

The breadth of the market was overwhelmingly negative, with only 8 Nifty companies advancing, 42 declining, and one remaining unchanged.

Among the few gainers, Britannia, ICICI Bank, M&M, Hindustan Unilever, and SBI stood out. On the other hand, heavy losses were seen in stocks like HCL Tech, Tech Mahindra, Wipro, Hindalco, and Shriram Finance, which emerged as the top losers of the day.

Commenting on the market's performance, Vinod...