D-Street bleeds! Market value of all BSE-listed firms falls below Rs 450 lakh crore for first time since April. More pain ahead?

What happened: The Sensex and Nifty fell over 1% on Friday, with Nifty Midcap and Nifty Smallcap indices plunging up to 4%, as selling pressure intensified through the holiday-shortened week. Key numbers: Total BSE market capitalisation fell below Rs 4.48 lakh crore, with nearly Rs 25 lakh crore wiped off this week. Brent crude above $110 per barrel. US 10-year yield at 4.96%. Rupee at 94.70 to the dollar. Why it matters: Analysts expect continued volatility and flag that the broader market correction, especially in small-caps, may persist, while large-caps are seen as showing resilience.

The Sensex and Nifty fell over 1% on Friday, with Nifty Midcap and Nifty Smallcap indices plunging up to 4%, as selling pressure intensified through the holiday-shortened week.

Analysts expect continued volatility and flag that the broader market correction, especially in small-caps, may persist, while large-caps are seen as showing resilience.