/ Federal Bank Keeps BSE Bankex In Green Stock Up By Nearly 6% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 5 May 2017

The banking stocks are seen trading mixed on bourses with federal bank leading the pack in the BSE bankex index. The stock is up by nearly 6% and is contributing most to the index gains. BSE Bankex is up by 0.12% or 34 points at 25865 levels.

PNB is up by 1.11%, SBI is up by 0.80%, Bank of Baroda is up by 0.72%, Kotak Mahindra Bank is up by 0.38%, ICICI Bank is up by 0.27% whereas HDFC Bank is down by 0.11%, IndusInd Bank is down by 0.45%, Yes Bank is down by 0.50% and Axis Bank is down by 0.9%.

Axis Bank is the biggest loser in the banking index. The PSU banks are seen gaining versus its private banking peers which are trading in the red.

The new ordinance to tackle the NPA issue has been passed by the President Pranab Mukherjee and the development is seen having it rub off effect on select PSU banking counters.

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