The Bank Nifty dropped below the important level and ended the day under 40,000 as the negative global market sentiment caused a significant decline in the Indian stock market. The banking index decreased by 677.70 points or 1.67% to finish at 39,995.90.
Only two companies in the Nifty 50, ITC (up 0.50%) and Bajaj Auto (up 0.26%), saw gains today. On the other hand, Adani Enterprises (down 11.05%), Adani Ports (down 7.24%), Grasim (down 3.44%), Bajaj Finance (down 2.94%), and JSW Steel (down 2.79%) suffered losses.