The Bank Nifty index is made up of the 12 most liquid and well-capitalized banking stocks that trade on the National Stock Exchange (NSE). It gives investors and market intermediaries a benchmark for the Indian banking sector's capital market success.
Nifty Bank was seen trading at 34,667, down by 0.82% or 286 points at 12.28 pm IST. It touched an intra-day low of 34,545. Financial stocks see selling pressure, especially PSU bank names.
HDFC Bank is the worst performer, down 2%. Among the laggards are Axis Bank, SBI, IndusInd, HDFC Life, and RIL.
Some of the top losers among private sector banks today: HDFC Bank, Axis Bank, IndusInd Bank.
HDFC Bank down by 1.65% at Rs 1485.10
City Union Bank down by 1.36% at Rs 173
Karur Vysya Bank down by 1.10% at Rs 58.60
SBI down by 0.45% at Rs 410
Canara Bank was down by 1.46% at Rs 152.
PNB Scam: Vijay Aggarwal, Mehul Choksi's lawyer, stated to NDTV that he is missing and that his family, as well as the island nation's police, are searching for him. Shares of PNB were down 0.25% at Rs 39.70 during noon trade.