The Economic Times

Sensex plunges 1,100 pts from day's high, Nifty below 22,450. Key factors behind Rs 10 lakh crore wipeout

The Sensex and Nifty extended losses on Friday as crude oil prices surged and foreign investor selling resumed. The selloff wiped out nearly Rs 10 lakh crore in market value, with smallcap and midcap stocks leading declines. Oil supply concerns and geopolitical tensions weighed on investor sentiment.