After been the market leaders for most part of the calendar year, the banking stocks are come under serious amount of profit-taking in the last few trading sessions.
With today's 1.8 per cent fall, the Bank Nifty has now tumbled by nearly 7 per cent in the last eight trading sessions.
The much-anticipated rate cut remained elusive throughout the calendar year, even as the monthly WPI inflation fell to zero per cent for the month of November.
Canara Bank is the major loser in the banking space, down nearly 4 per cent at Rs. 392.
ICICI Bank and Yes Bank have plunged 3 per cent each to Rs. 321 and Rs. 671, respectively.
Punjab National Bank and Bank of India have shed 2.5 per cent each at Rs. 1,045 and Rs. 272, respectively.
Bank of Baroda, Kotak Bank and SBI have also slipped over 2 per cent each.
With today's 1.8 per cent fall, the Bank Nifty has now tumbled by nearly 7 per cent in the last eight trading sessions.
The much-anticipated rate cut remained elusive throughout the calendar year, even as the monthly WPI inflation fell to zero per cent for the month of November.
Canara Bank is the major loser in the banking space, down nearly 4 per cent at Rs. 392.
ICICI Bank and Yes Bank have plunged 3 per cent each to Rs. 321 and Rs. 671, respectively.
Punjab National Bank and Bank of India have shed 2.5 per cent each at Rs. 1,045 and Rs. 272, respectively.
Bank of Baroda, Kotak Bank and SBI have also slipped over 2 per cent each.
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