Nifty Bank sinks 3% to 11-month low as SBI, HDFC & Union Bank tumble. More pain ahead?
- Posted on March 23, 2026
- By Business News Today
- 4 Views
Nifty Bank sinks 3% to 11-month low as SBI, HDFC & Union Bank tumble. More pain ahead?
The Nifty Bank index slumped over 3% to an 11-month low as selling hit major lenders, including State Bank of India and HDFC Bank. A weaker rupee, persistent FII outflows and geopolitical tensions kept sentiment bearish, with analysts warning that volatility and downside risks may persist.
