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Sharp selloff! Nifty Bank drops over 700 points, slips below 45,000. What should investors do?
Sharp selloff was seen in stocks like Bandhan Bank, IndusInd Bank, Kotak Bank, and ICICI Bank while SBI and Bank of Baroda closed flat but with a positive bias. The selling pressure pushed the Nifty Bank below crucial support levels placed around 45,000. The next crucial support for the index is placed at 44,800 levels.