Reuters Market Eye - The Nifty falls 1 percent, tracking weaker Asian equities.
Wall Street falls and tensions over Ukraine weigh on sentiment.
Banks fall after surge in bond yields raises concerns about the value of their debt holdings.
Debt markets hit after RBI cuts in statutory liquidity ratio and hold-to-maturity ceiling raise worries about new supplies.
ICICI Bank Ltd falls 2.68 percent, while HDFC Bank Ltd is down 1.18 percent.
(Reporting By Abhishek Vishnoi)