Indian Stock Market Bloodbath: Over 20 Lakh Crore Wiped Out in a Week, Rupee Hits Record Low

• Indian stock market witnessed a significant third consecutive day fall, with Sensex down 1,470.50 points and Nifty 50 down 488.05 points.
• Investors lost over 20 lakh crore rupees this week, marking the biggest weekly fall since December 2024.
• Key factors include weak global cues, heavy selling by foreign investors, and Brent crude oil surging to $100/barrel due to Middle East tensions.
• The Indian Rupee hit a record low of 92.37 against the US dollar, exacerbating import costs and inflation concerns.
• Banking and auto sector stocks faced heavy pressure, while global markets also experienced significant declines.