Adani contagion fear hits bank stocks, major life insurer
The NSE Bank Nifty Index dropped as much as 3.5%, extending declines of the previous session, underperforming broader stock benchmarks. Bank of Baroda and State Bank of India were among the biggest decliners, falling at least 5% each. LIC’s shares extended their drop to 4.3% intraday before paring some losses.
