The rally in banking stocks came to an abrupt halt today as prices fell across the board, even as the overall market was buoyant. Losses ranged between 1 per cent and 20 per cent.
Punjab National Bank was the biggest loser today, with its share prices closing nearly 20 per cent lower than Friday's close, while the Canara Bank scrip closed 17.7 per cent lower.
Syndicate Bank and Allahabad Bank shares lost more than 11 per cent each at the close of the day
