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Bank shares: Check Axis Bank, HDFC Bank share prices as August comes to a close

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Bank Shares: Indian markets on Tuesday took a positive cue from the global markets. The dovish stance of US Fed Chair Jerome Powell is making all the difference.

A major factor that will be determining the trajectory of equity markets across the world on Tuesday. Few factors that affect bank shares include overall market sentiment, future expectations, fundamental valuation, and the demand for banking services.

Bank shares go up and down depending upon a number of factors playing in the market. For some bank shares are a favourite while others don’t see it as that luring.

The latest Bank shares tally for the moment

BankShare price (INR)
Axis BankRs 783.20
HDFC BankRs 1572.00
ICICI BankRs 628.95
Yes BankRs 10.90
Indusind BankRs 997.80
Bank of BarodaRs 77.15
RBIRs 20.18
Union BankRs 35.10
Canara BankRs 159.45
(Disclaimer: The above mentioned Bank share prices are subject to change)

Momentum indicator RSI (14) has made the sharp up move to 78 levels.


Owing to the sharp bounce in the last session and the Index reaching till the resistance zone may provide some profit booking in Tuesday’s session.


Moreover, the market has seen strong gains following the coronavirus pandemic. This is mostly driven by massive liquidity infusion as the central banks worldwide cut rates to record low levels and bought government securities.

ALSO READ | Bank Shares Today: HDFC Forms Trend Line, Check How Other Banks Are Faring In Market

Hina Fatima Khan
Hina Fatima Khan
Multi-media Journalist based in India with an experience of 7 years in the industry, Hina Fatima Khan works as a Senior Sub-Editor at The Vocal News. Her areas of interest are Politics, Business, History and World Affairs. She is also a Space enthusiast and enjoys scrabble in the Newspapers. She has done Masters in Convergent Journalism from Mass communication Research Centre (MCRC), Jamia Millia Islamia University.

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