Sensex plunged over 800 points on Wednesday, with Nifty dropping over 1%, shaking retail investors accustomed to daily gains. Smallcap and midcap indices saw their worst day in over a month. The market turned sharply after hitting new highs, succumbing to bearish pressure. M&M led Nifty's decline with a 7% drop amid concerns over XUV700 price cuts signaling weaker car demand.
