Thursday, 18 December 2014

Bank shares jump after Fed meet

Banking shares are in demand early morning, after the Federal Reserve in its meet yesterday said that it will not raised interest rate, following which the market are expecting fresh buying by the FIIs.

Yes Bank is the top gainer in the banking space, the stock has soared 3.4 per cent at Rs. 709. Punjab National Bank has surged 3 per cent at Rs. 223.

SBI and Canara Bank have jumped over 2.5 per cent each at Rs. 310 and Rs. 418, respectively.

ICICI Bank has rallied 2.4 per cent at Rs. 340. Bank of India and Federal Bank spurted over 2 per cent each at Rs. 289 and Rs. 141, respectively.

Bank of Baroda and Axis Bank climbed almost 2 per cent each at Rs. 1,027 and Rs. 483, respectively.

Kotak Bank and IndusInd Bank have also advanced 1.4 per cent each at Rs. 1,262 and Rs. 770, respectively.

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