Economy
Indian Stock Markets Bleed as Sensex and Nifty Plunge, Eroding ₹3.6 Lakh Crore
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THE BRIEF
1
Indian equity markets suffered sharp losses on Monday, with the Sensex tumbling 1.17% to close at 73,852 and the Nifty falling 1.11% to 22,888.
2
Investors lost ₹3.6 lakh crore as total market capitalization dropped to ₹469 lakh crore, driven by weak private sector bank earnings and profit booking in IT stocks.
3
Private sector banks fell 1.7% after HDFC Bank and Axis Bank reported July-September quarter profit figures that missed estimates due to margin pressures.