Nifty Bank crashes 8% in March so far: What’s driving the sharp selloff?
Increasing geopolitical and geoeconomic risks, rising crude oil prices, a falling Indian rupee, and heavy foreign capital outflows have wreaked havoc on the Indian stock market. While most sectoral indices are in the red, the banking pack is witnessing a heightened selloff. The Nifty Bank index has crashed 8% so far in March, with stocks…