Banking stocks pushes Nifty beyond 8,650 levels
Avalokita Pandey / 27 Jan 2017
With Nifty trading close to 8,450 levels and crossing the crucial 8,650 levels for the first time since November 1 2016, the banking majors are leading on Friday, as far as the market gains are concerned.
With Nifty trading close to 8,450 levels and crossing the crucial 8,650 levels for the first time since November 1 2016, the banking majors are leading on Friday, as far as the market gains are concerned.
HDFC twins, Axis Bank and ICICI Bank have collectively contributed to 50 per cent of market gains on Friday, wherein Axis Bank single-handedly is leading the total private bank gains by recording almost 2 per cent gains on an intraday basis in the early hours of the trade.
Gas Authority of India Limited (GAIL) trading at its 52-week high and is leading the market gains along with National Thermal Power Corporation (NTPC).
On Friday, Bank Nifty increased 1.09 per cent and is trading at 19,686.15. All Bank Nifty stocks are trading in green except Kotak Mahindra Bank, Yes Bank and Induslnd Bank. However, these three banks are trading in the marginal loss of 0.75 per cent to 2 per cent.
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