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Bank, Realty, Auto Stocks Continue to Fall For Second Day

Among bank stocks, PNB was trading lower by 2.93 percent, Yes Bank lost 1.90 per cent, ICICI Bank slipped 1.66 percent, AXIS Bank (1.55 per cent), SBI (1.51 per cent), Bank of Baroda (1.38 per cent) and Kotak Mahindra Bank (1.08 per cent) on BSE.

PTI

Updated:August 3, 2017, 1:51 PM IST
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Bank, Realty, Auto Stocks Continue to Fall For Second Day
Among bank stocks, PNB was trading lower by 2.93 percent, Yes Bank lost 1.90 per cent, ICICI Bank slipped 1.66 percent, AXIS Bank (1.55 per cent), SBI (1.51 per cent), Bank of Baroda (1.38 per cent) and Kotak Mahindra Bank (1.08 per cent) on BSE.
New Delhi: Interest rate sensitive stocks -banking, realty and auto - continued to fall for the second straight session, losing up to 3 per cent, as the RBI policy action failed to enthuse investors.

Among bank stocks, PNB was trading lower by 2.93 percent, Yes Bank lost 1.90 per cent, ICICI Bank slipped 1.66 percent, AXIS Bank (1.55 per cent), SBI (1.51 per cent), Bank of Baroda (1.38 per cent) and Kotak Mahindra Bank (1.08 per cent) on BSE.

Led by the losses in these scrips, the BSE bank index was quoting 1.17 per cent down at 28,025.60 during the afternoon trade.

From realty pack, Unitech was trading 3.41 per cent lower, HDIL (0.93 per cent) and Godrej Properties (0.92 per cent).

Auto stocks also faced selling pressure, with Tata Motors falling 1.38 per cent, Maruti Suzuki India (0.73 per cent) and TVS Motor Company (0.28 per cent).The BSE auto index was quoting at 24,725.90, down 0.23 per cent.

After a 10-month pause, the Reserve Bank on Wednesday cut benchmark lending rate by 0.25 per cent to over 6-year low. The repo rate, at which RBI lends to banks, is now down to 6 per cent.
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Reliance 909.90 -4.60 -0.50
Dewan Housing 594.35 -8.15 -1.35
GNFC 472.60 +28.85 +6.50
Axis Bank 460.30 -4.20 -0.90
Bharti Airtel 473.75 +11.80 +2.55
Company Price Change %Gain
GNFC 472.30 +28.60 +6.45
Reliance 910.35 -3.40 -0.37
Axis Bank 460.35 -4.00 -0.86
Dewan Housing 595.40 -6.40 -1.06
Aditya Birla 183.70 +3.35 +1.86
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Bharti Airtel 473.75 +11.80 +2.55
UPL 793.70 +4.35 +0.55
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Infosys 926.95 +2.60 +0.28
Lupin 1,051.20 +2.00 +0.19
Company Price Change %Gain
Bharti Airtel 471.05 +9.50 +2.06
Lupin 1,052.50 +3.60 +0.34
Infosys 927.10 +2.65 +0.29
M&M 1,374.80 +3.50 +0.26
BHEL 84.80 +0.10 +0.12
Top Losers
Company Price Change %Gain
ICICI Bank 257.85 -5.30 -2.01
NTPC 175.05 -3.00 -1.68
Kotak Mahindra 1,077.75 -18.15 -1.66
Coal India 285.80 -4.20 -1.45
Tata Motors 426.95 -6.25 -1.44
Company Price Change %Gain
ICICI Bank 257.85 -5.20 -1.98
Kotak Mahindra 1,079.35 -18.05 -1.64
NTPC 175.15 -2.85 -1.60
Tata Motors 427.25 -6.30 -1.45
Coal India 286.20 -4.00 -1.38

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