World · India Bureau
Indian markets tumble for fourth straight day; $84bn wiped out
Indian equity markets extended losses to a fourth consecutive session, with mid-cap and small-cap stocks bearing the brunt of selling pressure. Market capitalisation declined by approximately 7 lakh crore rupees, with prominent stocks including Swiggy and J&K Bank recording double-digit percentage losses.
LSN India ·
Indian share markets faced renewed selling pressure on Tuesday, marking the fourth consecutive day of decline as investor sentiment remained fragile. The downward spiral wiped out around 7 lakh crore rupees in market capitalisation, underscoring growing concerns among equity investors.
Mid-cap and small-cap segments bore the heaviest impact of the sell-off, with these segments experiencing significant corrections. Among blue-chip and widely-followed stocks, Swiggy and Jammu & Kashmir Bank emerged as the worst performers, with both declining by up to 17 percent during the session.
The sustained market weakness reflects a combination of headwinds pressuring investor confidence. Analysts attributed the downturn to macroeconomic concerns, profit-taking after recent gains, and sector-specific weakness that has rippled through broader market indices.
The four-day losing streak has raised concerns about near-term market stability, with investors reassessing portfolio allocations. Market participants are awaiting fresh triggers and economic data that could potentially restore confidence in the equities market in coming sessions.