Bank Nifty tumbles nearly 3%, slips below 55k: More selling pressure ahead for banking stocks? Check key levels to watch

Indian equities fell sharply during a four-session week as surging crude prices amid the West Asia crisis erased nearly ₹21 lakh crore in investor wealth. The Sensex dropped 2.15% and Nifty 50 2.36%, while Bank Nifty lost 2.79%, with analysts warning of continued technical weakness.