Finally, the Sensex and the Nifty closed flat at 18,264 and 5,476 respectively. The market breadth was positive; about 1752 shares advanced, 1093 shares declined, and 798 shares remained unchanged.
Banking Sector
The top losers in the banking space were SBI (down 3.7%), Indian Overseas Bank (down 3.5%), Union Bank of India (down 2.5%), HDFC Bank (down 0.5%) and Axis Bank (down 0%).The top gainers in the banking space were Yes Bank (up 5.8%), Bank Of India (up 5.6%), Kotak Mahindra Bank (up 5.1%), Karnataka Bank (up 4.7%) and Allahabad Bank (up 4.4%).
Key Factor of Market
Strong Q4 earnings posted by the likes of Tata Steel and Coal India boosted investor sentiment. On the whole, the Indian market was volatile through the F&O week.
Most banking shares rose on bargain hunting after recent steep slide.
Click To get All Nifty, F&O, Intraday Tips - Stock Tips
Banking Sector
The top losers in the banking space were SBI (down 3.7%), Indian Overseas Bank (down 3.5%), Union Bank of India (down 2.5%), HDFC Bank (down 0.5%) and Axis Bank (down 0%).The top gainers in the banking space were Yes Bank (up 5.8%), Bank Of India (up 5.6%), Kotak Mahindra Bank (up 5.1%), Karnataka Bank (up 4.7%) and Allahabad Bank (up 4.4%).
Key Factor of Market
Strong Q4 earnings posted by the likes of Tata Steel and Coal India boosted investor sentiment. On the whole, the Indian market was volatile through the F&O week.
Most banking shares rose on bargain hunting after recent steep slide.
Click To get All Nifty, F&O, Intraday Tips - Stock Tips