Banking stocks plunged on Monday, with the Bank Nifty seeing its steepest fall since April 2025. Maharashtra’s farm loan waiver announcement triggered widespread selling, particularly impacting state-owned banks. This, coupled with foreign investors’ cautious stance on Indian equities, led to significant losses across the banking sector, with Union Bank of India and IDFC First Bank among the hardest hit.
Uno Minda shares jump over 3% as Jefferies initiates coverage with Rs 1,350 target price
Uno Minda shares rose over 3 per cent after Jefferies initiated coverage on the auto component maker with a Buy rating and a target price