 "Nifty PSB Index was, however, gained 1.6 per cent in the intra-day trade after the RBI asked the government to bring down the it’s stake in six leading public sector banks")
Financial stocks exhibited weakness at the bourses on Monday, with Nifty Private Bank index sliding up to 3.4 per cent on the National Stock Exchange (NSE). The index settled as the top sectoral loser on the NSE, down 2.9 per cent, as against 1.57 per cent decline in the benchmark Nifty50 index. Besides, Nifty Bank index, too, ended 2.8 per cent loweron the NSE.
Individually, Bandhan Bank skid 12 per cent in the intra-day trade to Rs 304 on the BSE after nearly 21 per cent of the bank's equity changed hand on the NSE and BSE via block deals.
