Banking shares both public as well as private sectors are in focus trading higher by up to 6% on the National Stock Exchange (NSE).
Allahabad Bank, Syndicate Bank, Andhra Bank, Karnataka Bank, Union Bank of India, Federal Bank, Bank of India and Corporation Bank are trading higher by over 3% each, while Axis Bank, Punjab National Bank, IndusInd Bank, Yes Bank, ICICI Bank and HDFC Bank are up 2-3%.
The NSE banking shares index Bank Nifty, the largest gainer among sectoral indices, was up 1.5% compared to 0.71% rise in benchmark CNX Nifty at 1020 hours.
Till yesterday, Bank Nifty had underperformed the market by falling nearly 6% compared to 1.43% decline in CNX Nifty since December 9, when the benchmark indices touched record highs.
SBI, ICICI Bank, IndusInd Bank, Yes Bank, Kotak Mahindra Bank, HDFC Bank, Bank of Baroda and Corporation Bank were fallen 4-9% during the period.
Allahabad Bank, Syndicate Bank, Andhra Bank, Karnataka Bank, Union Bank of India, Federal Bank, Bank of India and Corporation Bank are trading higher by over 3% each, while Axis Bank, Punjab National Bank, IndusInd Bank, Yes Bank, ICICI Bank and HDFC Bank are up 2-3%.
The NSE banking shares index Bank Nifty, the largest gainer among sectoral indices, was up 1.5% compared to 0.71% rise in benchmark CNX Nifty at 1020 hours.
Till yesterday, Bank Nifty had underperformed the market by falling nearly 6% compared to 1.43% decline in CNX Nifty since December 9, when the benchmark indices touched record highs.
SBI, ICICI Bank, IndusInd Bank, Yes Bank, Kotak Mahindra Bank, HDFC Bank, Bank of Baroda and Corporation Bank were fallen 4-9% during the period.