Bank Nifty touches record high
DSIJ Intelligence / 31 Jul 2017
Bank Nifty conquered the 25K mark during the morning hours on Monday. Bank Nifty was trading at 25,008.75 level, up by 197.45 points or 0.80% as at 1135 hours.
Bank Nifty conquered the 25K mark during the morning hours on Monday. Bank Nifty was trading at 25,008.75 level, up by 197.45 points or 0.80% as at 1135 hours.
Kotak Mahindra Bank was trading at Rs 1,029.80 per share, up by Rs 17.10 or 1.69%. It also hit its record high of Rs 1,031.70 on Monday.
On Monday, State Bank of India announced that it has maintained the interest rate at 4% for saving deposits above Rs 1 crore, and has revised it for saving deposits below Rs 1 crore at 3.5%. SBI was trading up by 3.09% at Rs 299.40 per share.
Among others, ICICI Bank was trading at Rs 300.40 per share, up by Rs 4.25 or 1.44%, The Federal Bank was trading at Rs 115.10 per share, up by Rs 1.35 or 1.19%; Bank of Baroda was trading at Rs 162.75 per share, up by Rs 1.20 or 0.74%; Axis Bank was trading at Rs 516.65 per share, up by Rs 1.55 or 0.33% as at 1135 hours on Monday, on the NSE.
There were eight advances and four declines in the Nifty Bank index. Meanwhile, the Nifty was trading at 10,044.05 level, up by 30 points or 0.30%.
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