Bank Nifty Plunges 1%, Breaches Key Support Levels Amid Market Downturn

• Bank Nifty index snapped a three-session gaining streak, falling over 562 points (0.91%) to 60,988.60.
• Kotak Mahindra Bank led the decline, dropping nearly 2%; PNB, Axis Bank, ICICI Bank fell over 1%.
• Other banks like IndusInd, Canara, Union, IDFC First, Yes, Federal, and HDFC Bank also saw declines.
• Nifty Financial Services, PSU, and Private Bank indices also registered losses.
• Technical analysts note Bank Nifty breached immediate support levels, with resistance at 61,800-62,000.