🏦 Banking Sector Under Pressure! 🔻

The banking pack saw intense selling pressure today as investors booked profits after a strong rally last week. Concerns over valuation, rising bond yields, and sector rotation kept bank stocks in check. 📉 Key Highlights: • Nifty Bank slipped amid weakness in major private banks • PSU banks also faced heat after recent highs • Traders turned cautious ahead of upcoming economic data & global cues • Rising US yields and FIIs shifting focus added to the drag 💬 What’s Behind the Move? After a sharp uptrend, the sector is witnessing healthy consolidation. Market participants are rebalancing portfolios, moving funds toward sectors like IT, pharma, and auto. Short-term pressure? Yes. Long-term fundamentals? Still intact for quality names.