Quick Wrap: Nifty Private Bank Index falls 8.60%, NIFTY Tumbles 5.74%

Nifty Private Bank index ended down 8.60% at 10733.65 today. The index has gained 17.00% over last one month. Among the constituents, ICICI Bank Ltd shed 11.07%, Federal Bank Ltd fell 9.73% and IndusInd Bank Ltd slipped 9.63%. The Nifty Private Bank index has fallen 36.00% over last one year compared to the 20.65% slide in benchmark Nifty 50 index. In other indices, Nifty Financial Services index has dropped 8.43% and Nifty Bank index has dropped 8.32% on the day. In broad markets, the Nifty 50 has dropped 5.74% to close at 9293.5 while the SENSEX has dropped 5.94% to close at 31715.35 today.

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