Stock market crash, March 30 -- The Magnificent 7 stocks in India - those commanding the highest weightage in the flagship Nifty 50 index - have seen a sharp drawdown of up to 7.5% in just two trading sessions as investors remain risk-averse due to escalating Middle East war.

HDFC Bank, Reliance Industries, ICICI Bank, Bharti Airtel, Infosys, SBI and Larsen & Toubro (L&T) together form the Magnificent 7 stocks in India. These blue-chip companies are held by mutual funds, FIIs and retail investors alike.

The sharp decline in these names due to the stock market crash has wiped off Rs.328,702 crore from the market capitalisation of the Magnificent 7 stocks.

The worst hit is Mukesh Ambani-led Reliance Industries as its market cap declined ...