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.
Sensex slumps 583 pts, Nifty below 24,000; 7 key triggers
Indian stock markets experienced a significant downturn on Thursday, with Sensex and Nifty both falling over 0.7%. This decline was driven by soaring oil prices,
April 30, 2026