![Bank NIFTY hits fresh record high, crosses 52,900 mark; private lenders lead](https://images.assettype.com/fortuneindia%2F2021-12%2F6e727038-bdc8-4337-8812-66e43980190a%2FMKT_020A6523_copy.jpg?w=300&q=95)
Bank NIFTY hits fresh record high, crosses 52,900 mark; private lenders lead
The rally in Bank NIFTY was in line with benchmark indices, with the BSE Sensex and NSE Nifty touching their respective new highs today.
The rally in Bank NIFTY was in line with benchmark indices, with the BSE Sensex and NSE Nifty touching their respective new highs today.
The weakness in PSU banks was in sync with the broader market as investors booked some profit ahead of the general election results due on June 4.
RBI has significantly enhanced the provisioning requirement during the construction phase of a project to 5%.
Rising competitive intensity for both assets and liabilities amid growing regulatory scrutiny indicate a new chapter in Indian banking, says Rahul Jain, head of India equity research, Goldman Sachs
The central bank received 501.86 complaints per branch against Paytm Payments Bank between April 1, 2022, and March 31, 2023.
Jefferies' top PSU picks are SBI, Coal India and NTPC, while BSE PSU Index PE at 12.1 times is a 40% discount to Nifty 50
The rate-sensitive stocks witnessed choppy trade after the RBI policy announcement, with auto realty, and bankex indices sliding up to 1%.
Markets oscillated in a narrow range on the budget day and settled marginally lower as investors resorted to profit booking at higher levels.
The Nifty PSU Bank hit a fresh all-time high of 6,438.10 points today, with all 12 constituents flashing in the green zone.
The bankex index dropped over 4%, with index heavyweights HDFC Bank, Kotak Mahindra Bank, Axis Bank falling between 3-8%.