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1-min read

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
While, for above Rs 5,000 cash deposit at an outstation branch, the bank will levy Rs 2 per Rs 1,000 or part thereof with a minimum of Rs 25 per transaction.
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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.

| Edited by: Swati Sharma
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Company Price Change %Gain
HDFC Bank 2,263.50 -1.47
Yes Bank 90.65 -0.55
Reliance 1,273.55 -0.54
Kotak Mahindra 1,494.00 2.73
HDFC 2,138.50 -2.21
Company Price Change %Gain
Yes Bank 90.70 -0.49
Reliance 1,272.85 -0.60
Bajaj Finance 3,275.45 0.83
Maruti Suzuki 5,875.35 -0.62
HDFC Bank 2,263.95 -1.44
Top Gainers
Company Price Change %Gain
Power Grid Corp 210.45 3.11
Kotak Mahindra 1,494.00 2.73
Hero Motocorp 2,469.30 2.73
ITC 270.65 2.36
Asian Paints 1,429.35 1.79
Company Price Change %Gain
Power Grid Corp 210.00 2.94
Kotak Mahindra 1,493.70 2.76
Hero Motocorp 2,465.00 2.50
ITC 270.70 2.38
Asian Paints 1,430.00 1.90
Top Losers
Company Price Change %Gain
SBI 342.20 -2.47
Indiabulls Hsg 640.55 -2.34
HDFC 2,138.50 -2.21
Adani Ports 399.75 -1.83
Bajaj Auto 2,523.85 -1.52
Company Price Change %Gain
SBI 342.05 -2.49
HDFC 2,137.65 -2.24
Bajaj Auto 2,521.35 -1.57
Coal India 221.10 -0.05
HDFC Bank 2,263.95 -1.44

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