New Delhi, Oct. 25 -- Indian equity benchmarks extended their losses in a holiday-truncated week, with the BSE Sensex falling 2.15% and the NSE Nifty 50 declining 2.36%. The Sensex shed 1,605.44 points, while the Nifty 50 lost 546.15 points over the four trading sessions.

The selloff, triggered by surging crude oil prices amid the West Asia crisis, wiped out nearly Rs.21 lakh crore in investor wealth as benchmark indices declined for four consecutive sessions.

Banking stocks also came under pressure, with the Nifty Bank index falling 2.79% over the week to close at 54,287.35. The index opened at 55,827.45, but persistent selling prevented it from sustaining its recent recovery. It slipped below the 55,000 mark and ended the week down 1,...