Indian Markets Slide, Erase 3.4 Lakh Crore

Indian stock markets tumbled on Friday for a second straight session, with FMCG, auto, realty and pharma stocks under heavy selling, erasing over Rs 3.4 lakh crore of investor wealth. Sensex fell more than 600 points to 81,648 and Nifty dipped to 25,290 by 12:35 pm, driven by heavy FII selling, weak global tech markets and heightened US–Iran tensions.