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of <h1>Market Crash Wipes Out Rs 10.98 Lakh Crore as Sensex Drops; Utilities and Power Sectors Hit Hardest.</h1> Investors lost Rs 10.98 lakh crore due to a market crash triggered by widespread selloffs amid concerns over third-quarter earnings and foreign fund withdrawals. The BSE Sensex dropped 1,258.12 points, closing below 78,000, while the NSE Nifty fell 388.70 points. Major decliners included Tata Steel, NTPC, and Reliance Industries, with Titan and Sun Pharma gaining. The downturn was fueled by fears of the Human Metapneumovirus outbreak and disappointing banking updates. All BSE sectoral indices fell, with utilities and power sectors hit hardest. Foreign Institutional Investors sold equities worth Rs 4,227.25 crore, exacerbating the decline.
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