Indian Bank plunged 5.5%, while Punjab National Bank and Canara Bank tumbled 4.3% and 3.8%, respectively. Bank of Baroda and Punjab & Sind Bank dropped more than 3% each.
Jupiter Wagons saw its net profit drop 72% to Rs 29 crore in the March quarter. Revenue also fell 25% to Rs 780 crore. The
Indian stock markets experienced a sharp selloff on Friday, with Sensex and Nifty dropping over 1%, driven by passive fund flows from MSCI index reshuffles.
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