The combined market capitalisation of BSE-listed firms fell to ₹476.09 lakh crore on July 24, wiping off ₹4.73 lakh crore in investor wealth in just five days. The index saw a nearly 2,100-point downturn over Donald Trump's 10% forced labour tariffs on Indian exports to the US. A resumption in the US-Iran war and rising global oil prices also contributed.