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Stock market update: Bank stocks mixed; HDFC Bank, IndusInd Bank settles with mild gains

NEW DELHI: Bank stocks settled mixed on Tuesday.

The BSE B..

NEW DELHI: Bank stocks settled mixed on Tuesday.

The BSE Bankex index finished Tuesday's trade 0.22 per cent down at 29,292, with 5 stocks up and 5 down.

Shares of Federal Bank (up 1.17 per cent), HDFC Bank (up 0.68 per cent), IndusInd Bank (up 0.24 per cent), State Bank of India (up 0.15 per cent) and Kotak Mahindra Bank (up 0.02 per cent) settled in the green on Tuesday.

On the other hand, Bank of Baroda (down 2.92 per cent), YES Bank (down 1.84 per cent), Axis Bank (down 1.17 per cent), ICICI Bank (down 0.80 per cent) and Punjab National Bank (down 0.48 per cent) settled in the red.

The Sensex dived for the third consecutive session on Tuesday to close at 34,903 by plunging about 109 points or 0.31 per cent, while the Nifty cracked below the 10,600 -mark owing to selling in most sectors, led by IT, capital goods, telecom and bank.

In the Sensex kitty, 11 stocks settled in the green and 20 in the red, while in the Nifty50 index, 19 closed the day with gains and 31 with losses.

Reliance Industries, Tata Steel, HDFC and Maruti Suzuki finished Tuesday's session as the top gainers of Sensex index.

On the other hand, Coal India, Bharti Airtel, Larsen & Toubro and Dr Reddy's Labs led the pack of Sensex losers.

Original Article


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