Bank Nifty tumbles nearly 3%, slips below 55k: More selling pressure ahead for banking stocks? Check key levels to watch

Indian stock markets experienced a significant decline during the week, with the Sensex dropping 2.15% and Nifty 50 losing 2.36%. The Bank Nifty was particularly affected, falling nearly 3% and slipping below 55,000. Analysts have warned of continued technical weakness.