India’s equity markets witnessed a sharp erosion in investor wealth as some of the country’s most prominent listed companies collectively lost Rs 35,439 crore in market capitalization during the latest trading spell. The downturn, driven by weak global cues, persistent foreign investor selling and sector-specific pressures, weighed heavily on frontline stocks. State Bank of India (SBI) emerged as the worst performer among large-cap names, reflecting concerns over margins, asset quality and broader financial-sector sentiment.