Investors poorer by ₹18.17 lakh crore as markets decline for 6th straight session

Investors' wealth eroded by ₹18.17 lakh crore in six trading sessions as markets continue to decline amid extremely bearish sentiments. Benchmark indices Sensex and Nifty logged their worst weekly losses since May 2020, with Sensex hitting one-year-low of 50,921 on Friday. The decline comes amid rate hikes by global central banks, unrelenting foreign fund outflows and rising crude oil prices.