Investors lose Rs 14.6 lakh crore in 5 days of market turmoil

Investors in India have lost Rs 14.6 lakh crore in five trading sessions due to a decline in the BSE Sensex and Nifty. The Sensex dropped 523 points and Nifty declined by 159.60 points. The market capitalisation of BSE-listed companies has eroded significantly. The market slump is attributed to tensions in the Middle East and higher valuations of Indian stocks. IT stocks led the slump, and further correction is expected due to the escalating conflict between Israel and Hamas. Analysts predict a continuation of the consolidation in domestic equities.