India, Feb. 24 -- The Indian stock market bled on Monday with S&P BSE Sensex losing 856.55 points to close at 74,454.41.

The NSE Nifty50 dropped 242.55 points to close at 22,553.35.

The IT sector stocks led the market fall on the opening day of the week.

Among the constituent stocks on the BSE Sensex, the massive decline was marked by Zomato, HCLTech, Infosys, Bharti Airtel, and TCS.

With gains led by Dr Reddy's, Eicher Motors, Mahindra & Mahindra, Nestle India, and BEL, 14 stocks traded higher on the Nifty 50.

Wipro, HCLTech, Infosys, TCS, and Bharti Airtel were among those that capped losses.

Vaibhav Vidwani, Research Analyst at Bonanza, said that the downturn was largely influenced by ongoing foreign institutional investor (FII) ...