Page 9 - Banking Stocks
Banking stocks drag markets to one-month low
Sensex slips below 31,000; banking index falls 1.5%
 "Banking stocks drag markets to one-month low")
Banking shares push Indian markets higher
The rally in the banking stocks has pushed Indian benchmarks higher on Thursday. While the Nifty closed at 9,359 - 47.9 points or 0.5 per cent higher, Sensex gained 231.4 points or 0.8 per cent to close at 30,126. This is a new record high closing for Nifty. On the other hand, the Sensex is 0.8 percent short of touching a new high. Even the broader markets echoed a similar trend with both the midcap and small indices closing 0.5 per cent and 0.36 per cent higher respectively.The banking stocks had rallied on the back of optimism about government's decision to bring an ordinance to empower the Reserve Bank to effectively deal with bad loans. Shares of ICICI Bank rallied 9.2 per cent to end as the biggest gainer among the Sensex companies. Shares of Axis Bank and SBI closed 3.6 per cent and 3.2 per cent higher respectively. The BSE Bankex, a gauge of banking stocks, soared 2.3 per cent to close at a new high of 25,831."Government is one step closer to new non-performing assets (NPA) ...
 "Banking shares push Indian markets higher")
Banks regain top spot in BSE Sensex, CNX Nifty
Experts say the share of financials will improve further, as economy improves and insurance firms list
 "Banks regain top spot in BSE Sensex, CNX Nifty")