Sensex and Nifty Slide as Investors Lose Rs 4 Lakh Crore Amid Bank Weakness

Indian benchmark indices Sensex and Nifty fell sharply, wiping out roughly Rs 4 lakh crore in investor wealth. Heavyweight private banks came under pressure, weighing heavily on the market. Continued selling by foreign investors added to the downward momentum. Rising crude oil prices also kept market participants cautious throughout the session.
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