Investors lose ₹4 lakh crore in a day as Sensex tanks 1,200 points

Indian investors lost roughly ₹4 lakh crore on Thursday after Sensex fell over 1,200 points to end at 73,580.54. The total market capitalisation of BSE-listed companies declined to ₹4,80,89,437 crore. Banks and insurers led the losses after insurance regulator IRDAI proposed an overhaul of commission rules, while higher US bond yields and crude oil prices further weighed on investor sentiment.