Investors encountered a significant hit on Monday as the stock market plummeted, erasing Rs 10.98 lakh crore in wealth. Key indices BSE Sensex and NSE Nifty both suffered steep declines due to concerns over foreign fund withdrawals and forthcoming third-quarter results. Amidst the downturn, sectors like utilities and power were particularly affected, with widespread FII selling intensifying the market bearishness.
Investors lost more than Rs 10 lakh crore as market ended in red
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