Nifty Bank was trading at 40,551.60 at 10:10 am and was down by 705.15 points or 1.71%. All 12 stocks in the index were in the red. While Punjab National Bank (PNB) was the top loser (-2.26%), heavyweights including HDFC Bank, ICICI Bank, and State Bank of India engineered the collapse not just in the Bank Nifty but also in the broader market Nifty50.
