<div id="readability-page-1" class="page"><div id="contentdata">   <div><div><ul><li>Bank Nifty fell over 1 percent, led by losses in private-sector banks</li><li>Sensex fell 1,000 points, Nifty dropped below 25,000 in market sell-off.</li><li>US markets also declined sharply, adding to investor caution</li></ul></div></div>   <p>Bank Nifty extended its decline on Wednesday, January 21, slipping more than 1 percent in late-morning trade as selling pressure in heavyweight private lenders compounded a sharp market rout seen in the previous session. The banking index fell as much as 1.9 percent intraday, shedding over 1,100 points from its day’s high before paring some losses.</p><p>At around late morning, Bank Nifty was trading at 58,628.6, down 775.6 points, or 1.3 percent. The index touched an intraday low of 58,278.6 and is now about 3.6 percent below its all-time high of 60,437.35, highlighting the extent of the recent pullback.</p><h3>Heavyweights lead the decline</h3><p>The fall in Bank Nifty was driven largely by losses in key private-sector banks. ICICI Bank slid nearly 1.9 percent to Rs 1,350, emerging as the top drag on the index, followed by AU Small Finance Bank, IDFC First Bank, Axis Bank, and HDFC Bank, all of which were trading in the red. PSU banks also weakened, with PNB, Union Bank, and Canara Bank posting moderate losses.</p><p>Gains were scarce across the index. Yes Bank and Bank of Baroda were among the few stocks managing marginal upticks, though their advances were insufficient to offset broader weakness.</p><h3>Broader market pressure persists</h3><p>The decline in banking stocks mirrored weakness across the broader market. Benchmark indices extended Tuesday’s sharp sell-off amid weak global cues and heightened geopolitical concerns. By around 11 am, the Sensex was down over 1,000 points, while the Nifty slipped below the 25,000 mark.</p><p>Earlier, Tuesday’s fall had already pushed the Sensex and Nifty to their steepest single-day percentage decline in more than eight months, with both indices closing at their lowest levels in over three months. The continued pressure on Wednesday reinforced the risk-off mood.</p><p>Overnight weakness in US equities added to investor caution. The Nasdaq Composite plunged 2.39 percent, the S&amp;P 500 fell 2.06 percent, and the Dow Jones Industrial Average declined 1.76 percent, marking the sharpest single-day fall since October.</p><p>“US equity markets closed sharply lower overnight, with the S&amp;P 500 slipping 2 percent and the Nasdaq plunging close to 2.5 percent,” said Ponmudi R, CEO of Enrich Money. He attributed the global sell-off to renewed trade-war concerns after US President Donald Trump escalated tariff threats against select European nations.</p><hr/><p><strong>Disclaimer:</strong> <em>The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</em></p></div></div>

NFTY

AXS-E

<p>Bank Nifty fell over 1% amid a market sell-off, driven by losses in private-sector banks like ICICI Bank and Axis Bank. The index dropped to 58,628.6, down 775.6 points, with an intraday low of 58,278.6. Broader market weakness persisted, with the Sensex down over 1,000 points and Nifty below 25,000. US markets also declined sharply, contributing to investor caution. The sell-off was attributed to renewed trade-war concerns following tariff threats from the US.</p>

Money Control

Bank Nifty crashes over 1% as market sell-off deepens; ICICI Bank, Axis Bank drag index, technicals turn cautious