Why Bank Nifty Down Today

Discover the reasons behind various phenomena, events, and behaviors afterward our total exploration of Why Bank Nifty Down Today. Uncover the motivations, causes, and explanations that touch our world. Why Bank Nifty Down Today Bank Nifty and Nifty PSU Bank fell in trade on Friday, following Wall locate insights and answers to thought-provoking questions that delve into the depths of Why Bank Nifty Down Today. Engage in discussions that unravel the complexities of reasons and gain a deeper pact of the underlying factors. start exploring the engaging world of Why Bank Nifty Down Today and unlock the knowledge that can transform your perspective,Only in Viral Questions.

Why Bank Nifty Down Today

Bank Nifty and Nifty PSU Bank fell in trade on Friday, following Wall Street cues. The fall was sentiment-led due to developments at RBL Bank and heavy selling of bank shares by foreign institutional investors (FIIs). The US equity market trends also impacted domestic equity markets. Rising COVID-19 cases pose a serious threat to the economy, which may lead to a surge in NPA and impact employment levels, self-employed, and businesses .

The index fell over 2% intraday, triggered by the red flags raised by the US short-seller on Adani group’s debt. The shares of the IndusInd Bank lead losses, falling over 1%, dragging the banking index lower but towards the end, majority of Bank Nifty constituents concluded in green .

Benchmark indices Sensex and Nifty retreated from record levels and closed lower in a volatile trade on Thursday due to profit-taking in financials, IT and oil shares after a two-day rally and negative trends in the US and European markets .

Here are some websites that discuss Why Bank Nifty Down Today:
– https://www.financialexpress.com/market/bank-nifty-tanks-in-todays-trade-check-which-stocks-to-buy-support-resistance-range/3004523/
– https://www.financialexpress.com/market/why-bank-nifty-fell-2-today-tanked-7-in-last-three-sessions/2964284/
– https://economictimes.indiatimes.com/markets/nifty-bank/indexsummary/indexid-1913,exchange-50.cms
– https://economictimes.indiatimes.com/markets/nifty-crash

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