Bank Nifty Plunges 500 Points, HDFC Bank, ICICI Bank Drag Index Lower

• Bank Nifty extended losses, down nearly 500 points in afternoon trading, tracking broader market weakness.
• ICICI Bank and HDFC Bank were major drags, falling 1.6 percent and 1.1 percent respectively, intensifying selling pressure.
• PSU lenders like SBI and Bank of Baroda also traded lower, though losses were less severe than private banks.
• India VIX climbed nearly 4 percent, indicating rising caution and elevated near-term market uncertainty.
• Technical analysis suggests immediate support for Bank Nifty at 60,900-60,600, with resistance at 61,400-61,500.