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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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Most Active
Company Price Change %Gain
SBI 313.30 -5.15 -1.62
ICICI Bank 302.95 -4.65 -1.51
Maruti Suzuki 9,120.65 -10.70 -0.12
Vedanta 283.55 -9.60 -3.27
TCS 2,628.40 +16.25 +0.62
Company Price Change %Gain
HDFC Bank 1,822.00 -2.05 -0.11
Bharti Airtel 516.95 -7.00 -1.34
Shriram Trans 1,366.90 +3.20 +0.23
ITC 259.05 -2.50 -0.96
HDFC 1,697.45 -13.10 -0.77
Top Gainers
Company Price Change %Gain
HPCL 423.35 +8.40 +2.02
IOC 402.20 +7.10 +1.80
BPCL 506.30 +7.35 +1.47
Kotak Mahindra 1,014.90 +14.50 +1.45
UltraTechCement 4,274.35 +51.85 +1.23
Company Price Change %Gain
Kotak Mahindra 1,014.95 +14.35 +1.43
TCS 2,632.00 +17.85 +0.68
ONGC 183.75 +0.80 +0.44
Dr Reddys Labs 2,260.80 +5.20 +0.23
HUL 1,316.55 +1.60 +0.12
Top Losers
Company Price Change %Gain
Vedanta 283.55 -9.60 -3.27
Cipla 578.15 -13.50 -2.28
Adani Ports 394.00 -8.50 -2.11
SBI 313.30 -5.15 -1.62
Bajaj Finance 1,671.80 -27.45 -1.62
Company Price Change %Gain
BHEL 89.55 -2.05 -2.24
Cipla 578.15 -12.60 -2.13
Tata Motors (D) 225.00 -4.85 -2.11
Adani Ports 393.70 -7.90 -1.97
SBI 313.25 -5.15 -1.62

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