Banking shares are trading higher by up to 4%, extending its Thursday’s rally, after the Reserve Bank of India (RBI) Governor expressed comfort about the narrowing current account deficit and Fed chairwoman-designate, Janet Yellen, indicated that US central bank is in no rush to pare economic stimulus.
The National Stock Exchange (NSE) banking share index Bank Nifty was up 2.3% compared to 1.35% rise in benchmark CNX Nifty at 0935 hours. Bank Nifty has surged 5% in past two trading sessions.
Bank of India, Union Bank of India, Axis Bank, HDFC Bank, YES Bank, ICICI Bank are trading higher by more than 2% each, while Bank of Baroda, IndusInd Bank, Canara Bank, State Bank of India and Punjab National Bank are up 2% each on the NSE.
The National Stock Exchange (NSE) banking share index Bank Nifty was up 2.3% compared to 1.35% rise in benchmark CNX Nifty at 0935 hours. Bank Nifty has surged 5% in past two trading sessions.
Bank of India, Union Bank of India, Axis Bank, HDFC Bank, YES Bank, ICICI Bank are trading higher by more than 2% each, while Bank of Baroda, IndusInd Bank, Canara Bank, State Bank of India and Punjab National Bank are up 2% each on the NSE.