Stock Market Crash: ₹10 Lakh Crore Wiped Out as Banks Drag on Rising Yields, RBI Moves

• Indian equity markets plunged, with Sensex down 1,636 points and Nifty50 slipping 488 points.
• Investor wealth saw a massive hit, with nearly ₹10 lakh crore wiped out from BSE-listed companies.
• Banking and financial stocks led the sell-off, with HDFC Bank, ICICI Bank, and SBI falling up to 5% after RBI's forex exposure norm tightening.
• Global cues like Brent crude surging over 3% to $115 and the rupee weakening past 95-per-dollar mark added to market pressure.
• Analysts warn of a deteriorating macro outlook, advising caution and selective accumulation of strong stocks.