The Nifty Bank is down over 250 points, with the index falling towards the 59,000 mark.
The Indian Rupee once again remains in focus, as the currency dropped to a new low of 90.70 against the US Dollar, falling swiftly towards 91.
For Nifty, as 26,000 becomes the new target for the day, 26,200 on the upside has been a barrier for the index, and the December 5 high of 26,202 will be the first hurdle to cross for the bulls before making another attempt at record levels.
Furthermore, the 20-DMA just above 26,000 and the 50-DMA around 25,700 have become the trading range for the index.
Watch this space for all the live updates.
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