Bank Nifty Dips Below 60,000 After RBI Holds Rates; IndusInd, PNB Lead Losses

• Bank Nifty index fell over 0.4 percent to 59,798.85, extending losses for the second consecutive session after RBI's rate decision.
• RBI's Monetary Policy Committee (MPC) kept the repo rate unchanged at 5.25 percent and maintained a 'Neutral' stance.
• IndusInd Bank, PNB, Bank of Baroda, Canara Bank, SBI, and Union Bank of India saw declines of over 1 percent.
• Technical analysis suggests Bank Nifty faces immediate resistance at 60,300–60,400 and support at 59,700–59,800.
• Axis Bank, ICICI Bank, and Kotak Mahindra Bank shares were trading positively, bucking the overall downward trend.