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Banking Stocks See Some Recovery in Trade
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Banking stocks which were hammered down ever since the RBI Monetary Review, saw some recovery in trade. Punjab National Bank, State Bank of India and Federal Bank were among the gainers. Private sector banks like Axis Bank and Yes Bank also saw some recovery in trade.

idbi-bank
Punjab National Bank: Quotes, News
BSE 104.60BSE Quote0.1 (-0.10%)
NSE 105.03NSE Quote0.55 (-0.52%)
IDBI Bank: Quotes, News
BSE 68.39BSE Quote1.13 (-1.65%)
NSE 68.80NSE Quote0.75 (-1.09%)
Banking stocks were hammered in trade after the RBI held policy rates steady. To compound worries a poor set of results from Indian Overseas Bank, Punjab National Bank, Bank of Baroda and Union Bank of India have also raised fresh concerns for the banking sector.

IDBI Bank is scheduled to report results later today and a poor set of results could further lead to selling pressure in banking stocks.

GoodReturns.in

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Story first published: Friday, February 6, 2015, 13:14 [IST]
See More On: union bank
Other articles published on Feb 6, 2015

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