Buy or sell stocks, Jan. 10 -- The key benchmark indices of the Indian stock market witnessed sharp selling last week. The Nifty 50 index ended 2.37% lower, while the BSE Sensex was down by 2185 points. Among sectors, the Defence index gained 1.30%, whereas India Tourism, Oil & Gas, and Energy indices shed over 5%. NSE cash market turnover was lower by 2% compared to the previous session.

The pain was even more pronounced in the broader space where the Nifty Mid-cap 100 Index slipped 0.79% while the Nifty Small-cap 100 plunged 1.81%. This led to a sharp deterioration in market breadth, as decliners outpaced advancers. The BSE advance-decline ratio stood at 0.34, signalling a continuation of selling across mid and small-cap stocks.

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