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India Business News: The BSE Sensex recorded its worst single-day crash in 16 months, leading to concerns about whether the market rally is taking a breather. Find out more about the factors contributing to the crash and the impact on banks and other sectors.
All 12 Bank Nifty names were in the red. Other than HDFC Bank's disappointing Q3 show, cautious outlook for private banks also hit investor sentiment, leading to sharp selling in the banking pack
India Business News: HDFC Bank shares plunge 8.5% in the stock market, experiencing the worst day since the Covid crash. Investors lose Rs 1 lakh-crore as the market capitalization of HDFC Bank drops. Stay updated with the latest news on HDFC Bank's stock performance.
HDFC Bank plunged 7.91 per cent to Rs 1,546.10. YES Bank shares tanked 3.54 per cent to Rs 24.76. City Union Bank fell 3.39 per cent to Rs 145.15. RBL Bank was down 3.35 per cent to Rs 283.75.
This fall was triggered by the Q3 results of HDFC Bank, which disappointed investors