Shares of IndusInd Bank, Kotak Mahindra Bank, HDFC Bank, and City Union Bank from the index were up in the range of 1 per cent to 4 per cent
The benchmark indices -Nifty and the 30-stock Sensex - entered the 'correction' zone, falling 15.2 per cent and 14 per cent, respectively, from their September peak
According to ACE Equity data, LIC and ICICI Prudential fund held more than 5% stake in IndusInd Bank; another 13 fund houses owned more than 1 per cent equity of the bank as of December quarter.
Technical chart hints up to 10% downside risk for the Bank Nifty; among private banking shares HDFC Bank looks weak; while ICICI Bank and Axis Bank may trade with a favourable bias in the near-term.
The Nifty PSU Bank index rose 1.46%, or 86.3 points to hit an intraday high of 5,976.75, while the Nifty Bank index increased 0.72%, adding 349.15 points to hit an intraday high of 48,839.10
The Federal Bank shares popped 2.03 per cent to hit an intraday high of Rs 183.35 per share
SBI is testing the weekly super trend line support after 81 weeks and the 20-month moving average support after 4 years. Chart suggests that the overall bias is likely to remain tepid below Rs 800.
Brokerages believe central bank's actions set the stage for a repo rate cut in February
The uptick in Indian Overseas Bank shares price came after the company posted a strong set of results in the December quarter of financial year 2025 (Q3FY25)
RBL Bank reported an 86 per cent year-on-year (Y-o-Y) decline in net profit to Rs 32.6 crore for Q3FY25, mainly due to a surge in provisions
At 02:05 PM, the Nifty Private Bank index was the top loser among financial sector indices, down 2.4 per cent as compared to 0.52 per cent decline in the Nifty 50
HDFC Bank, SBI, ICICI Bank share price target: Macquarie raises share target price of HDFC Bank, ICICI Bank, SBI, cut IndusInd Bank share price target
The Nifty PSU Bank index has plunged over 20% in the last six months and now seen testing long-term support on the monthly chart. Will PSU Banks rebound or extend fall? Key levels to watch out for.
HDFC Bank stock is seen testing the 100-day DMA for the second time in the last seven months; Chart hints towards a bearish bias as long as the stock trades below Rs 1,733.
Bank stocks today: Jefferies has retained its 'Buy' ratings on Axis Bank, ICICI Bank, HDFC Bank, and SBI, It has upgraded Kotak Bank and downgraded Bank of Baroda
CSB Bank share: CSB Bank's total deposits surged 22.17 per cent year-on-year (Y-o-Y) to Rs 33,406 crore in Q3FY25
RBK bank share price: Reports suggest global brokerage Morgan Stanley has cut RBL Bank's share price target to Rs 160 from Rs 180
PSU bank stocks: The Nifty PSU Bank index has surged 24.08 per cent on the National Stock Exchange (NSE) thus far in CY24
The rise in the Indian Overseas Bank share price came after the company announced that it has received a tax refund from the Income Tax (I-T) Department of Rs 1359,29,17,840 (over Rs 1,359 crore)
Uco Bank, Indian Overseas Bank, Central Bank of India, Bank of Baroda, Canara Bank and Union Bank were up in the range of 2 per cent to 2.5 per cent.