The fall was led by the Bank Nifty, which was the first casualty in terms of the cost of funds. Due to the sheer weightage of banking and financial sector stocks in the Nifty 50, the Bank Nifty dragged the Nifty lower. Indian 10-year sovereign bond yields rose 3 basis points, which dragged Bank Nifty lower. In the futures space, index futures are less volatile than stock futures. That tells us bulls were sitting on the fence, as stock futures are more capital-intensive and volatile as compared to index futures.

Source: Mint March 09, 2026 02:15 UTC