Bank Nifty extends fall for 2nd day; SBI, HDFC, Axis, ICICI Bank down up to 2%
10 out of 12 Nifty bank stocks were trading lower, barring Federal Bank and AU Small Finance Bank.
10 out of 12 Nifty bank stocks were trading lower, barring Federal Bank and AU Small Finance Bank.
The PSU bank plans to raise funds through equity and bonds during the current fiscal.
The RBI has increased the risk weights on unsecured consumer loans, including credit cards, by 25% for both banks and NBFCs.
IndusInd Bank topped the losers' chart, followed by Bank of Baroda, Axis Bank, HDFC Bank, ICICI Bank, Federal Bank, and Kotak Bank, among others.
The BSE bankex, realty, and auto index gained up to 1.2% after the RBI kept the policy repo rate unchanged and retained an accommodative stance.
The BSE Sensex and Nifty extended rally for the third day on the back of optimism post the Union Budget, making investors richer by ₹9.68 lakh crore.
The BSE Sensex and the NSE Nifty continued their winning streak for the fourth straight session on Wednesday, led by financial and banking stocks.
The BSE Sensex ended 296 points higher at 57,420, and the NSE Nifty surged 82.5 points, led by Tech Mahindra, Dr. Reddy's, Power Grid, and Sun Pharma.