Bank Nifty surges more than 400 points
DSIJ Intelligence / 30 Nov 2016
Bank Nifty surged by about 2.25 per cent and was currently trading at 18575.9. Bank Nifty gained about 403 points on intra-day basis. All the Bank Nifty stocks were trading in the green on Wednesday’s session.
Bank Nifty surged by about 2.25 per cent and was currently trading at 18575.9. Bank Nifty gained about 403 points on intra-day basis. All the Bank Nifty stocks were trading in the green on Wednesday’s session.
ICICI Bank, Axis Bank and HDFC Bank rose by 3.58 per cent, 0.87 per cent and 1.59 per cent, respectively, on the bourses. State Bank of India, Canara Bank, Punjab National Bank increased by 2.12 per cent, 1.51 per cent and 1.25 per cent, respectively. Barring Axis Bank and Kotak Mahindra Bank, stocks of other banks spiked more than one per cent on intraday basis.
Riding on surge in banking stocks, Indian capital markets extended gain in the last hour trade. BSE Sensex and Nifty surged more than half a per cent to 26594.67 and 8209.45, respectively. Due to strong gains in banking stocks, Nifty was able to breach levels of 8200. Hectic buying was witnessed in the capital markets, keeping an eye on the Q2FY17 GDP data.
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