BusinessPhoto: NDTV BusinessSensex Falls 700 Points, Nifty Drops Below 23,000 on Private Bank Earnings
Indian stock markets fell sharply on Monday, with the Sensex dropping 696.64 points to 74,032.63 and the Nifty 50 falling 197.20 points to 22,948.95 by midday. Private banks led the decline after Q2 earnings disappointed investors, with Axis Bank, HDFC Bank, and Infosys among the top losers. The India VIX rose 5.6% to 14.84, indicating expected volatility.
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