← Latest news 
Banking stocks slide again as HDFC and Axis weaken dragging Nifty Bank by 440 points
Economy
Published on 8 May 2026
A crude fuel hit plus FII exits set off the slide
Heavyweight bank stocks like HDFC Bank and Axis Bank pulled the Nifty Bank index down nearly 440 points, extending market weakness. Analysts cite sentiment pressure from rising oil prices alongside FII outflows. With momentum cooling, attention is turning to near-term support and resistance levels that could decide whether the selloff stabilizes or accelerates.
- Nifty Bank falls nearly 440 points as HDFC and Axis slide
- Rising oil prices and FII outflows dampen investor sentiment
- Broader pressure is weighing on bank sector performance
- Markets now watch key support and resistance levels
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times