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Equity selloff deepens as markets lose momentum over six sessions
Markets extended losses for the sixth straight session as foreign outflows, valuation worries, and global risk aversion erased significant investor wealth.
Indian equity benchmarks continued their decline with the Sensex falling nearly 2,700 points over six sessions, while Nifty slipped 3%, wiping out about Rs 17 lakh crore in investor wealth. Analysts attributed the selloff to persistent foreign outflows, valuation concerns in select sectors, and global risk aversion.