Quick Wrap: Nifty Bank Index registers a drop of 4.28%, NIFTY Crashes 2.09%

Nifty Bank index closed down 4.28% at 46064.45 today. The index has lost 4.00% over last one month. Among the constituents, HDFC Bank Ltd dropped 8.44%, Kotak Mahindra Bank Ltd slipped 3.70% and IDFC First Bank Ltd shed 3.51%. The Nifty Bank index has increased 9.00% over last one year compared to the 19.49% spike in benchmark Nifty 50 index. In other indices, Nifty Financial Services index has slid 4.28% and Nifty Private Bank index has slid 4.23% on the day. In broad markets, the Nifty 50 has slid 2.09% to close at 21571.95 while the SENSEX has slid 2.23% to close at 71500.76 today.

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