I think probably traders are thinking that the Bank Nifty maybe an underperformer which is still not so true because I would say banks have led this rally on the way up and it is just a bit of consolidation, time-based correction or some may call it a distribution as well.
Archer Aviation shares jump nearly 10% on deal to acquire Boeing’s Wisk, two other units
Archer Aviation shares surged after agreeing to acquire Boeing’s Wisk Aero and two other units. This strategic acquisition grants Archer access to Boeing’s autonomous-flight technology