bank stocks
Bank stocks climb up to 5 per cent on RBI move
The move is expected to optically cushion profitability in the near term.
Sensex rises 83 points to hit two-week high of 33,561.55
The broader Nifty scaled a high of 10,368.70 but finished at 10,342.30, still up 15.40 points, or 0.15 per cent.
Sensex continues record-making spree, hits new peak of 33,853.63
Fresh inflows by foreign funds and positive global leads lifted the mood, brokers said.
Sensex surges 151 points, Nifty touches new high of 10,153.10
Revival of buying by FPIs, who had been major sellers for a long spell on the Indian bourses, accelerated the buying pace.
Nifty slips from 10k peak, Sensex falters in opening trade
Healthcare, FMCG, banking, power and auto indices were all in the loss zone, down by up to 1.67 per cent.
Bank, realty, metal stocks take Sensex down by 239 points
These interest-rate sensitive stocks slid down as RBI slashed repo rate by 25 bps to 6 per cent on Wednesday.
Interest sensitive stocks keep falling despite RBI rate cut
Among bank stocks, PNB was trading lower by 2.93 per cent, Yes Bank lost 1.90 per cent and ICICI Bank slipped 1.66 per cent.
Mutual fund exposure to bank stocks at record Rs 1.47 lakh crore
Equity funds in bank stocks stood at Rs 1,46,861 crore at the end of June 2017.
Bank stocks dip up to 5 per cent amid selling pressure
The BSE bank index fell by 1.45 per cent to close at 26,234.14.