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Central Bank of Indias stock dropped nearly 12% today, marking its third consecutive day of losses, after already falling over 6% in the last two trading sessions. Similarly, Punjab & Sind Bank, which had plunged 20% in the previous session, fell another 8.3% on Wednesday.
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The Indian stock market is set to consolidate amid muted global cues. Nifty futures closed 1.39% lower at 23,308, while India VIX surged 9%. Experts highlight key support and resistance levels, with options data indicating a broad trading range. Analysts recommend select stocks for short-term trading as volatility remains high ahead of crucial technical levels.
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News and Media
As the situation stands, we have already seen the worst kind of panic in the markets. It happened in the run up to March. Markets are always the leading indicator and they have stabilised for now.
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News and Media
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