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Market move▼ Strongly bearish for IndusInd Bank
Bank Nifty Crashes 1,800 Points In Two Sessions To Three-Month Low. Will The Fall Continue?
The brief
- Bank Nifty fell 1,800 points in two sessions to a three-month low
- All Bank Nifty constituents were trading in the red
- Further weakness would pressure Indian bank stocks, including IndusInd Bank, Canara Bank and PNB
Indian shares fall as oil prices rise
The Nifty fell to a six-month low, with Brent nearing $108 a barrel and oil-price concerns and rising US bond yields weighing on shares. More than ₹7.5 lakh crore in market capitalisation was erased, and 18 of 50 Nifty stocks were over 20% below their 52-week highs.
Tuesday, 29 September
- Bank Nifty Crashes 1,800 Points In Two Sessions To Three-Month Low. Will The Fall Continue?