Banking stocks are the major laggards this morning owing to heavy selling pressure at the counter owing to profit-taking.
The banking stocks have been in focus for the much of the calendar year on hopes of interest rate cuts and banking reforms.
However, taking cues from the global market the banking shares today have logged heavy losses.
The NSE Bank Nifty has tumbled to a low 18,011 and is now down 2 per cent at 18,015.
ICICI Bank and Yes Bank are the top losers, down over 3 per cent each at Rs. 334 and Rs. 687, respectively.
Kotak Bank has shed 2.5 per cent at Rs. 1,277. Federal Bank and Bank of Baroda have declined over 2 per cent each to Rs. 137 and Rs. 1,036, respectively.
SBI, IndusInd Bank, HDFC Bank, Punjab National Bank, Axis Bank and Canara Bank are the other major losers.
Meanwhile, the NSE Nifty is down over a per cent (90 points) at 8,130.
The banking stocks have been in focus for the much of the calendar year on hopes of interest rate cuts and banking reforms.
However, taking cues from the global market the banking shares today have logged heavy losses.
The NSE Bank Nifty has tumbled to a low 18,011 and is now down 2 per cent at 18,015.
ICICI Bank and Yes Bank are the top losers, down over 3 per cent each at Rs. 334 and Rs. 687, respectively.
Kotak Bank has shed 2.5 per cent at Rs. 1,277. Federal Bank and Bank of Baroda have declined over 2 per cent each to Rs. 137 and Rs. 1,036, respectively.
SBI, IndusInd Bank, HDFC Bank, Punjab National Bank, Axis Bank and Canara Bank are the other major losers.
Meanwhile, the NSE Nifty is down over a per cent (90 points) at 8,130.
No comments:
Post a Comment