Nifty Bank falls 296 points as IndusInd, Canara, Axis drag; most banks in red

The Nifty Bank index declined 296.55 points to trade at 56,328.45 in Tuesday’s morning session, representing a 0.52 per cent drop from its previous close of 56,625.00. The index opened at 56,598.65 and touched an intraday low of 56,306.35, with trading value reaching ₹2,342.47 crore on volume of 557.34 lakh shares.Ten of the twelve banking constituents traded in the red during the session. IndusInd Bank led the decliners with a 2 per cent fall to ₹744.70, followed by Canara Bank down 1.79 per cent at ₹125. ...