/ Banks Lose As Market Struggles To Keep Green Axis Bank Down By 1.54% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 19 January 2017


The Indian markets on January 19 opened in red, traversed into the green territory for some time, but failed to remain in the green patch. BSE Bankex sector is underperforming the markets with major stocks losing grounds. The BSE Bankex is currently trading at 21863.05 levels, and is down by 107.92 points or 0.49%. Axis Bank, IndusInd Bank, Federal Bank, Yes Bank and Punjab National Bank are the heavyweight stocks which are losing ground and dragging the sectoral index down.

Kotak Mahindra Bank is the only stock to be trading in green in the sectoral index, being up by 0.33%. Axis Bank and IndusInd Bank, which are the major stocks in the sector are contributing to 57% of the losses in the BSE Bankex sectoral index.

Axis Bank is down by 1.54%, IndusInd Bank is down by 1.03%, Federal Bank is down by 0.72, Yes Bank is down by 0.72% and Punjab National Bank is down by 0.61%. Among all of the index constituents there is 1 advance and 9 declines.

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