📉 Bank Nifty Ends 12-Day Rally, Slips 268 Points!

After a 12-session winning streak, Bank Nifty slipped today, ending 268 points lower. The index had earlier surged over 3.85% across the last 12 trading sessions. Key private sector heavyweights such as

, , and declined more than 1% each, weighing on the index. In contrast, PSU banks outperformed, with Canara Bank rising over 2%, emerging as the top gainer within Bank Nifty. The rally in PSU banks was supported by positive corporate developments, including SBI’s sale of a 13.18% stake in Yes Bank to Japan’s SMBC for about ₹8,889 crore. Strong advances growth, better asset quality, and improving margins further lifted sentiment in the PSU banking space. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.