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Bank Nifty hits 10-month low post RBI move to tighten liquidity

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Bank Nifty slipped after rising for the past two days on Wednesday to its lowest level seen in the month of September, after the Reserve Bank of India's (RBI) additional steps to tighten liquidity in order to contain excessive speculation and volatility in the foreig exchange market.

At 12:30 a.m.; Bank Nifty was trading 4.69 per cent lower at 10722.45 bank nifty hit low 10681.10 and many bank like SBI 1786.35, Union Bank 146.60, Bank of India 196.0 and Canara bank 295.0 hit 52 week low today due to weakness of Bank Nifty, and Nifty also down 104.80 or 1.72% trading at 5973.0.

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