Bank Nifty snaps two-day gains, PSU bank stocks lead losses: What lies ahead?

Bank Nifty snapped two-day gains to trade in red on August 24. At 2:50 pm, the index fell 0.7% to 57,359.35 as PSU banks led the losses. "For Bank Nifty, 57,500 remains the key trend-deciding level," said Shrikant Chouhan. Many other financial stocks also got hit during the session.