Nifty Bank closes below 48000; crucial support placed at 47750-47500: Experts

On Wednesday, the Nifty Bank index concluded trading below the significant psychological threshold of 48,000, with the next notable support levels positioned between 47,750 and 47,500. The index experienced a decline of 266 points, settling at 47,781, while the Nifty50 registered a 68-point increase, closing at 22,597.