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India's stock market dropped 2.91% amid geopolitical tensions and rising oil prices, wiping out ₹2.81 lakh crore in value.
India's stock market plunged last week as the BSE benchmark dropped 2,368.29 points, or 2.91%, amid rising geopolitical tensions in West Asia and surging crude oil prices.
Eight of the country's top 10 most-valued companies lost a combined ₹2.81 lakh crore in market capitalization, with State Bank of India suffering the largest decline.
ICICI Bank, HDFC Bank, and Larsen & Toubro also saw significant drops.
Reliance Industries and Infosys were the only major firms to gain, helping them remain among the most valuable companies.
The sell-off reflected heightened investor risk aversion.
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El mercado de acciones de la India cayó un 2.91% en medio de las tensiones geopolíticas y el aumento de los precios del petróleo, eliminando ₹ 2.81 lakh crore en valor.