Indian stock markets experienced a sharp decline for the second consecutive session, with significant drops in FMCG, auto, realty, and pharma sectors. This selloff erased over Rs 3.4 lakh crore in investor wealth, influenced by heavy FII selling and weak global market sentiment, including a tech selloff on Wall Street. Heightened US-Iran tensions also contributed to the market downturn.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets