Indian Markets Plunge 2.5%, Rs 15 Lakh Cr Wiped Out in Worst Week in 3 Months
Business
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Moneycontrol•09-01-2026, 16:49
Indian Markets Plunge 2.5%, Rs 15 Lakh Cr Wiped Out in Worst Week in 3 Months
- •Indian benchmark indices Sensex and Nifty fell 2.5% this week, marking their worst performance in over three months.
- •BSE-listed firms collectively lost Rs 15 lakh crore in market capitalization during the week.
- •Oil and gas stocks led losses among 15 out of 16 major sectors that declined; small-caps and mid-caps also saw significant drops.
- •HDFC Bank slid 6.3%, its biggest weekly drop in two years, due to concerns over slower deposit growth, wiping out over Rs 1 lakh crore in m-cap.
- •Selling pressure intensified due to US President Donald Trump's proposed tariffs on countries doing business with Russia, impacting India as a major Russian crude buyer.
Why It Matters: Indian markets experienced a significant downturn, losing Rs 15 lakh crore amid global and domestic concerns.
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