PL Capital - Prabhudas Lilladher

13 lakh crore wiped out in a single session — here's exactly what happened. March 19 turned into one of Dalal Street's most brutal sessions in recent memory. Nifty Bank crashed 1,888 points after HDFC Bank's part-time chairman Atanu Chakraborty resigned citing a conflict with the bank's internal values and ethics — a rare and alarming statement from the leadership of India's largest private lender. The stock tanked 8.7%, dragging ICICI Bank, Axis Bank, and SBI down with it. Simultaneously, Brent crude surged past $111 per barrel following Iranian missile strikes on Middle East energy infrastructure, squeezing India's macro outlook. The Fed held rates and trimmed its cut projections, further denting sentiment. Every sectoral index — banking, IT, realty, auto, and petroleum — closed sharply lower. India VIX spiked 21%, confirming the scale of panic on the street. #NiftyBank #HDFCBank #StockMarketCrash #IndianMarkets #MarketUpdate [Nifty Bank crash, HDFC Bank selloff, Indian stock market, crude oil impact, FII outflows] #NiftyBank #HDFCBank #StockMarketCrash #IndianMarkets #MarketUpdate