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Stock Analysis, IPO, Mutual Funds, Bonds & More

SBI, HDFC Bank, ICICI Bank down ahead of RBI policy decision

Benchmark NSE Nifty50 index was down 32.95 points at 10,085.3.

ETMarkets.com|
Updated: Dec 06, 2017, 12.26 PM IST
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Most of the banking stocks were trading in red ahead of the RBI monetary policy outcome later in the day. The Nifty Bank was trading 0.39 per cent down at 25,026.15 around 10:39 am (IST) on Wednesday.

Shares of Federal Bank (up 0.83 per cent), Kotak Mahindra Bank Ltd. (up 0.16 per cent), YES Bank Ltd. (up 0.13 per cent) and Axis Bank Ltd. (up 0.06 per cent) were trading in green. However, State Bank of India (down 1.19 per cent ), ICICI Bank Ltd. (down 0.62 per cent ), Punjab National Bank (down 0.51 per cent ), HDFC Bank Ltd. (down 0.46 per cent ) and Canara Bank (down 0.21 per cent ) were among top losers in the index at around the same time.

Benchmark NSE Nifty50 index was down 32.95 points at 10,085.3.

Among the 51 stocks in Nifty index, 16 were trading in the green, while 34 were in the red.

Shares of SBI, Vedanta Ltd, DLF, RIL, PNB were among most traded securities on the National Stock Exchange on Wednesday.

BSE Sensex was down 80.14 points at 32,722.3.

Shares of Country Condos, Prakash Constro, Remsons Ind, Windsor Machine, LCC Infotech hit their fresh 52-week high in today's trade, while Steel Exchange, Bharati Ship, Shyam Telecom, CL Educate Ltd., Neuland Labs hit fresh 52-week low in trade.

Traders were seen piling up positions in textiles, leather and fertilisers sectors. However, selling were visible in packaging, electronics and gems and jewellery sectors.

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