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

cent.

The BSE bank index went up 1.07 points to end at

28,330.19.

Bank stocks were on fire yesterday, surging up to 46 per

cent.

"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

33,147.13.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)