Sensex, Nifty Plunge Third Day: ₹1.6 Lakh Crore Investor Wealth Wiped Out

• Indian stock market indices Sensex and Nifty closed in the red for the third consecutive day.
• Investors' wealth declined by ₹1.6 lakh crore, with BSE market capitalization falling to ₹4,66,02,781.46 crore.
• Sensex dropped 120.21 points (0.14%) to 84,559.65; Nifty fell 41.55 points (0.16%) to 25,818.55.
• Profit-booking pressure was driven by mixed US data, FII selling, rising crude oil, and a weak rupee.
• Midcap and smallcap shares saw selling; SBI, Infosys, Sun Pharma gained, while Trent, HDFC Bank, ICICI Bank declined.

Why It Matters: Indian markets extended losses for a third day, wiping out ₹1.6 lakh crore amid profit-booking.