IDFC First Bank shares fell sharply on Tuesday, snapping a three-day winning streak as selling pressure intensified across Indian equities.
The stock dropped as much as 2.75% to trade at ₹78.46, reversing some of the momentum that had propelled the banking name higher in recent weeks.
IDFC First Bank, which had surged 14% in the past month and over 30% in three months, could not escape the contagion of the wider market retreat.
The decline reflects the broader market turmoil, with the benchmark Sensex sliding more than 520 points and the Nifty 50 breaching the 24,000 level.
Weakness in the information technology sector led the sell-off, dragging down sentiment across financials and other major indices.
IDFC First Bank, which had surged 14% in the past month and over 30% in three months, could not escape the contagion of the wider market retreat.
The pullback comes as investor appetite for new issues also cools.