Bank stocks declined up to 3%, pushing the Nifty Bank index down around 1% as falling rupee, rising bond yields and other factors dampened overall market sentiment, with analysts highlighting key technical levels to watch out for.
Earlier in the day, the Nifty Bank index tumbled around 930 points to drop to an intraday low of 52,783. This came as the benchmark Nifty 50 index dropped nearly 1.4% (around 330 points) to trade below 23,350.
