Stock Market

Stock market update: Bank shares plummet; RBL Bank slides 5%

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NEW DELHI: Shares of banks were trading with losses in Friday's morning session. Shares of RBL Bank (down 5.43 per cent), YES Bank (down 4.21 per cent), Axis Bank (down 3.89 per cent), Punjab National Bank (down 3.3 per cent) and State Bank of India (down 3.25 per cent) were among the top losers in the index. IDFC Bank (down 3.11 per cent), Bank of Baroda (down 3.0 per cent), ICICI Bank (down 2.99 per cent), Federal Bank (down 2.93 per cent) and Kotak Mahindra Bank (down 2.37 per cent) too were in the red. The Nifty Bank index was trading 2.66 per cent down at 29,383.65 around 10:36 am.

Benchmark NSE Nifty50 index was down 320.55 points at 11,312.75, while the BSE Sensex was 1,050.55 points at 38,695.11.

Among the 50 stocks in the Nifty index, 1 was trading in the green, while 49 were in the red.

Shares of Vodafone Idea, YES Bank, Tata Motors, GMR Infra, SBI, Ashok Leyland, Bank of Baroda, SAIL, Indiabulls Housing and PNB were among the most traded shares on the NSE.




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Category: Stock Market


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