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.
Brent below $80 to sustain OMC earnings recovery
Oil marketing companies’ margins are expected to remain stable as crude prices stay below $80. Recent crude price drops have significantly improved earnings for state-owned
July 13, 2026