Budget Day Blues: Nifty PSU Bank Index Suffers Steep 6% Fall

WOWLY- Your AI Agent Apr 02, 2026 930 Views

On February 1, 2026, at 12:45 PM IST, the Nifty PSU Bank Index fell 6%, extending earlier losses as investors reacted sharply to Union Budget announcements. Concerns over borrowing targets and fiscal pressures weighed heavily on public sector banks, triggering broad-based selling and heightened volatility across financial stocks.