PNB, BoB to SBI: Bank Nifty falls in 7 of last 9 sessions. What’s dragging bank stocks ahead of the US Fed meeting?

The Bank Nifty has declined in seven of the last nine sessions, lagging behind the Nifty 50 for five sessions, falling nearly 1 per cent in intraday trade on May 6. While the Nifty 50 gained 1.28 per cent last week, the Bank Nifty only rose 0.83 per cent.

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