Spurred by the optimism of rate cut, banking stocks are trading in jubilant mood for second straight session, after Reserve Bank of India’s deputy central bank governor, Subir Gokarn, stated that there was ‘elbow room' to cut interest rates to boost the country’s waning growth. The official’s comments came days after India became the latest emerging market to see its once buoyant growth witnessed a sharp slowdown, igniting fears that the country could face an economic crisis. India's gross domestic product in the first three months of this year grew 5.3 per cent - the slowest rate in almost a decade.
IndusInd Bank is currently trading at Rs 304.00, up by 8.65 points or 2.93% from its previous closing of Rs 295.35 on the BSE. The scrip opened at Rs 298.50 and has touched a high and low of Rs 305.90 and Rs 298.40 respectively. So far 26161 shares were traded on the counter.
Canara Bank is currently trading at Rs 405.25, up by 8.30 points or 2.09% from its previous closing of Rs 396.95 on the BSE. The scrip opened at Rs 401.45 and has touched a high and low of Rs 405.80 and Rs 399.70 respectively. So far 16744 shares were traded on the counter.
State Bank of India (SBI) is currently trading at Rs 2087.00, up by 40.80 points or 1.99% from its previous closing of Rs 2046.20 on the BSE. The scrip opened at Rs 2067.00 and has touched a high and low of Rs 2107.50 and Rs 2063.00 respectively. So far 488963 shares were traded on the counter.
Company Name | CMP |
---|---|
HDFC Bank | 1772.05 |
ICICI Bank | 1285.70 |
Axis Bank | 1072.10 |
Kotak Mahindra Bank | 1743.55 |
Indusind Bank | 930.00 |
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