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#UCOBank and #IndianBank were star performers since Republic Day 2022, rising 133 percent and 116 percent, respectively, outperforming BSE Bankex by a wide margin, which gained 10 percent in the same period.
BSE Financial Services was the top loser with a loss of one percent while BSE Bankex BSE Private Bank Index was down 0.8 percent each. The BSE IT index lost 0.6 percent today.
On the BSE also, the banking and financial indices garnered strong interest. The BSE Bankex gained the most as it jumped close to 2 percent while the Private Banks Index bumped close to 1.75 percent. The BSE Finance gained close 1.5 percent.
BSE Bankex #NiftyBank : Trendline
Among sectors, BSE Bankex ended in the green, while Auto, FMCG, Capital Goods, Healthcare, Metal and Realty indices shed 1-2 percent.
Here’s a look at the market cap of BSE Bankex Constituents. It’d be interesting to see where they stand in the coming 5 years. Disc: #MarketUpdates #MarketResearch #Banking
Sectorwise, the BSE Bankex advanced the most 6.53 per cent in the past five trading sessions. It was followed by Oil & Gas (up 5.32 per cent), Telecom (up 3.71 per cent) and Metal (up 3.16 per cent).
Bank index up 2.5 pct 😊 all constituents of bse bankex green
45000 for BSE Bankex not Bank Nifty. Sorry !
Banking stocks - The banking stocks have been on a run today. BSE Bankex has outperformed the domestic indices as well as other sectoral indices by gaining 2.12 per cent on an intraday basis.
Presenting a detailed breakdown of the BSE bankex stocks returns for various banks in the past year. While SBI and ICICI bank yielded the strongest returns over the 12-month period, Bandhan Bank performed the worst.
HDFC Bank and Kotak Mahindra Bank put together help BSE Bankex stay in green
Banking basket hit badly Except for Bandhan Bank, all other BSE Bankex constituents settled in the red. Axis Bank closed 5.98 per cent lower at Rs 474.20. Kotak Mahindra Bank declined 5.96 per cent to Rs 1,782.35.
▶ Banking stocks in fast lane; BSE Bankex tops 600 pts; Heavyweights Axis Bank, HDFC Bank, SBI drive trade - Indiainfoline: Banking stocks in fast lane; BSE Bankex tops 600 pts; Heavyweights Axis Bank, HDFC Bank, SBI drive trade Indiainfoline GOOGLE
In October 2020, among the various sector benchmarks, top gainer was S&P BSE Bankex which rose by 12.5%, whereas S&P #BSE Health Care fell the most with returns of -2.7% #StockMarkets #MutualFunds
Data available till November 15 showed the financial services sector has seen Rs 16,389 crore inflow this month. These flows include Rs 11,519 crore investments in bank stocks. The BSE Bankex has risen 19 per cent so far this month.
Banking stocks take a beating The entire BSE Bankex basket fell 2.75 per cent and was the worst performing sectoral index for the day. Among the index stocks, Federal Bank tanked 5.65 per cent to Rs 58.40. SBI plunged 4.84 per cent to Rs 239.85.