Red Start to New Year: HDFCBANK Crash Sends NIFTY Bank Reeling

On 19 March 2026, the first trading session of Hindu Calendar New Year ‘Gudi Padwa’ saw a sharp market jolt as

plunged over 8% at open, triggering a massive fall in NIFTY Bank by more than 1850 points. The stock is now nearing its February 2021 levels, implying zero returns over the last five years. The decline was largely driven by the sudden resignation of part-time chairman Atanu Chakraborty. Speaking to NDTV Profit, he cited ideological differences rather than governance issues. Despite a mild recovery, the stock was still down around 5% at 10:23 AM, reflecting cautious sentiment. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.