The Nifty Bank index has fallen below the 55,000 mark, with a major 350-point decline.
When it comes to Nifty, the next important level on the downside for the Nifty is the 61.8% retracement of the rally from the August 29 low to the recent swing high of 25,448, which comes to levels of 24,803. On the upside, 25,000 remains the first barrier.
IT stocks, having wiped out nearly ₹2 lakh crore in market cap over the last five sessions, will be in focus again today after Accenture's results. The Pharma sector will also be in the spotlight after the 100% tariff announcement on branded and patented products by US President Donald Trump. Vodafone Idea's AGR plea also gets heard today.
Watch this space for all the live updates.