Sensex swings 1,600 pts, ends below 74,000 on selloff

Selling across the board occurred after the Sensex reached the 75,000 mark once again in early trades on Friday, causing the index to drop by 733 points or 1% to close at 73,878. Reliance Industries, L&T, and HDFC Bank were the main contributors to the day's loss, as foreign funds sold aggressively. Market participants mentioned that taking profits at higher levels led them to sell off their holdings.