Bank Nifty Under Pressure; Private Banks Drag Index Lower

Bank Nifty declined 0.65% to 60,790, (at the time of posting this post) staying in the red throughout the session. Losses were led by private banks, with

ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank falling. PSU banks also traded lower. Limited gains in Union Bank and IDFC First Bank failed to offset overall weakness, while volatility remained elevated.