Bank stocks end mixed after sharp gains
Bank stocks ended on a mixed note
today, a day after sharp rally following the government's
announcement of Rs 2.11 lakh crore recapitalisation plan
for strengthening NPA-hit public sector lenders.
Shares of Union Bank of India surged 5.88 per cent,
Punjab National Bank jumped 5.60 per cent and Bank of India
rose 2.79 per cent on BSE.
In contrast, Syndicate Bank plunged 3.66 per cent, Bank
of Baroda slipped 1.51 per cent and SBI lost 1.25 per cent.
Private lenders such as AXIS Bank rose 2.48 per cent and
YES Bank went up 1.24 per cent, while ICICI Bank lost 2.08 per
The BSE bank index went up 1.07 points to end at
Bank stocks were on fire yesterday, surging up to 46 per
"Profit-booking in some PSBs and derivatives expiry kept
markets guessing," said Anand James, Chief Market Strategist,
Geojit Financial Services Ltd.
The BSE 30-share index rose 104.63 points to end at
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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