What does the Nifty Bank chart say, is there a need to panic ?

**Bank Nifty**:

1. **Bank Nifty** is a sectoral index on the **National Stock Exchange (NSE)** of India.
2. It represents the performance of the **12 most liquid and large capitalized banking stocks**.
3. The index includes both **public and private sector banks**.
4. Bank Nifty was launched in **September 2003**.
5. It is used to measure the **performance of the banking sector** in the stock market.
6. The index is **market-cap weighted and free-float adjusted**.
7. It helps traders and investors to track **banking sector trends**.
8. Bank Nifty is widely used for **derivatives trading (futures and options)**.
9. It is **reviewed semi-annually** to ensure relevance and liquidity.
10. The index is a key indicator of the **health of the Indian financial system**.