₹8 Lakh Crore Wiped Out in Market Sell-Off; Nifty Extends Losing Streak

• Indian markets witnessed a massive sell-off on Thursday, erasing nearly ₹8 lakh crore in investor wealth.
• Nifty 50 fell for the fourth consecutive session, closing below its 20-day moving average and 25,900 level.
• Reliance Industries and HDFC Bank were major drags, losing ₹1.7 lakh crore and ₹85,000 crore in market cap respectively.
• Broader markets were severely hit, with 95% of Nifty Midcap and 85% of smallcap stocks ending in red.
• Metal and IT indices led sectoral losses, while global cues like US Supreme Court hearing and non-farm payrolls data are in focus.

Why It Matters: Indian markets suffered a significant sell-off, wiping out ₹8 lakh crore, with major indices and stocks declining.