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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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Company Price Change %Gain
PNB 125.55 -2.70 -2.11
Fortis Health 137.50 -5.90 -4.11
SBI 271.65 -7.05 -2.53
PC Jeweller 381.00 +24.70 +6.93
Yes Bank 311.80 -8.00 -2.50
Company Price Change %Gain
Fortis Health 137.50 -6.20 -4.31
PNB 125.65 -2.70 -2.10
ICICI Bank 321.00 -7.60 -2.31
Federal Bank 95.95 +1.50 +1.59
SBI 271.75 -7.10 -2.55
Top Gainers
Company Price Change %Gain
Ambuja Cements 257.05 +3.65 +1.44
Infosys 1,128.05 +13.60 +1.22
Cipla 611.10 +5.25 +0.87
Dr Reddys Labs 2,213.55 +17.75 +0.81
Kotak Mahindra 1,050.20 +8.05 +0.77
Company Price Change %Gain
Kotak Mahindra 1,052.80 +11.90 +1.14
Infosys 1,124.85 +10.70 +0.96
Dr Reddys Labs 2,212.75 +18.30 +0.83
Asian Paints 1,145.00 +8.30 +0.73
TCS 2,931.00 +5.25 +0.18
Top Losers
Company Price Change %Gain
Eicher Motors 27,328.15 -1,012.30 -3.57
Tech Mahindra 584.35 -21.30 -3.52
Indiabulls Hsg 1,272.35 -39.95 -3.04
SBI 271.65 -7.05 -2.53
Yes Bank 311.80 -8.00 -2.50
Company Price Change %Gain
SBI 271.75 -7.10 -2.55
Yes Bank 311.90 -8.05 -2.52
ICICI Bank 321.00 -7.60 -2.31
Bharti Airtel 420.00 -8.30 -1.94
Maruti Suzuki 8,840.00 -180.80 -2.00

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