The Bank Nifty index dropped by 457.65 points (-0.89%), trading at 51,147.90 as of 12:53 PM. Leading the decline were major banking stocks like HDFC Bank, ICICI Bank, and State Bank of India (SBI).
Top losers in the Bank Nifty:
- HDFC Bank:
- LTP: ₹1,755.10
- Change: -₹38.65 (-2.15%)
- Day’s Range: ₹1,750.50 – ₹1,795.25
- ICICI Bank:
- LTP: ₹1,268.65
- Change: -₹21.95 (-1.70%)
- Day’s Range: ₹1,266.40 – ₹1,288.00
- State Bank of India (SBI):
- LTP: ₹798.65
- Change: -₹2.55 (-0.32%)
- Day’s Range: ₹796.95 – ₹809.50
Market sentiment:
The decline in Bank Nifty is attributed to profit-booking in major banking stocks amid broader market weakness. Heavyweights like HDFC Bank and ICICI Bank witnessed notable selling pressure, weighing down the index.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Readers should perform their own research or consult a financial advisor before making investment decisions.
