Investor wealth declined by Rs 8.82 lakh crore to Rs 384.28 lakh crore today compared with a valuation of Rs 393.10 lakh crore recorded in the previous session.
Sensex, Nifty today: Sensex fell 929 pts to 73,683 and Nifty slipped 273 pts to 22,271, reflecting weak investor sentiment on Dalal Street.
Bandhan Bank soared 8.27 per cent to Rs 146.50. RBL Bank climbed 6.62 per cent to Rs 168.90. AU SFB advanced 4.80 per cent to Rs 549.30. IndusInd Bank and IDFC First Bank were trading 1.5-1.6 per cent higher.
Banks that had hiked risk weights included Bandhan Bank, RBL Bank, IDFC First and IndusInd Bank. They may see improvement in CAR. Bandhan Bank and RBL Bank are likely to benefit the most.
Amid the rising volatility in the Indian stock markets, brokerage firms and market experts continue to remain largely positive of banking sector.
Market crash: Sensex ended 29 pts lower at 75,967 and Nifty closed 14.20 pts lower at 22,945 on Tuesday. The minor correction in the current session comes after a day of gains preceded by eight sessions of losses.
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The brokerage expects a gradual consumption recovery in H2CY25, led by an improvement in employment trends, a revival in unsecured lending and a rise in welfare spending.
Top Sensex gainers were Bajaj FinServ, IndusInd Bank, PowerGrid, Adani Ports and Zomato shares rising up to 3%.
Sensex , Nifty crash today: Sensex slipped 600 pts to 75,535 and Nifty was down 224 pts to 22,808, reflecting weak investor sentiment in the equity market.
Asian Paints Ltd at Rs 2,269.85 needs 50 per cent rally to revisit its September 2024 high of Rs 3,394. Weak urban demand is likely for few more quarters, said Nomura India.
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