India Stock Market Today: Sensex Slides, Nifty Tests 24,000 as Bank Stocks Stall Rally
Sensex dropped 359 points to 76,944.91 and Nifty 50 fell 86 points to 24,006.70 by 2 p.m. in Mumbai. State-run banks led declines after the RBI finalized new expected credit-loss rules, with the Nifty PSU Bank index down nearly 2%. Coal India, ONGC, and Oil India gained on earnings and firm crude prices but failed to offset broader losses. Market breadth was negative, with more stocks falling than rising.