Bank Nifty hits 11-month low: Why are these heavyweight stocks down so much?

Bank Nifty hits 11-month low: Why are these heavyweight stocks down so much PSU bank stocks led the decline on Monday. Union Bank of India and Punjab National Bank fell by nearly 5%. Canara Bank, Bank of Baroda, and IDFC First Bank also fell by more than 4%. bank Nifty is one the sectoral indices that lost heavily in the past few days.

Kolkata: The market has been witnessing a massive sell-off these days. The banking sector has been particularly affected. On Monday, the Bank Nifty index fell more than 3% to its lowest level in nearly 11 months. The index slipped below 52,000 for the first time since April 2025. Market sentiment remains weak due to the weak rupee, continued FII selling, and rising tensions in West Asia.

Bank Nifty fell to 51,437 in Monday’s trading, clearly indicating weakness.........

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