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Stock market update: Bank stocks settle in the lower terrain; BoB, HDFC Bank top losers

NEW DELHI: Most bank stocks finished Monday's session w..

NEW DELHI: Most bank stocks finished Monday's session with losses, keeping the sectoral index in the red.

The BSE Bankex settled 1.42 per cent down at 29,358 on Monday, with 8 stocks in the red and only 2 in the green.

Bank of Baroda (down 4 per cent) emerged as the top loser in the index.

It was followed by HDFC Bank (down 2.99 per cent), Federal Bank (down 1.93 per cent), State Bank of India (down 1.37 per cent) and ICICI Bank (down 1.14 per cent).

Shares of Kotak Mahindra Bank (down 1.13 per cent), IndusInd Bank (down 0.93 per cent) and Axis Bank (down 0.20 per cent) also remained under pressure.

Meanwhile, Punjab National Bank (up 0.36 per cent) and YES Bank (up 0.22 per cent) were the two stocks that remained up.

The BSE Sensex took a downward plunge of 215 points, or 0.61 per cent, to settle at 35,012, while the Nifty index tanked 68 points, or 0.63 per cent, to finish Monday's session at 10,629.

In the Nifty index, 15 stocks managed to close the day with gains, while 35 remained in the negative zone.

The Sensex saw 7 stocks advancing, while 24 declining at the end of Monday's trade.

HDFC Bank, Bharti Airtel and Adani Ports remained the top losers in the Sensex index.

Original Article


ET Markets


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