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Bank shares: HDFC top Sensex drag, Check Axis Bank, SBI and others’ performance here

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Turning flat after a positive start on Thursday, Indian indices turned flat. Now all eyes will be on the core sector data today. Also, the Asian stocks were mixed this Thursday. This comes as the investors assessed the impact of the rising energy costs on inflation and the pandemic recovery.

HDFC Bank, Kotak Mahindra Bank remained the top Sensex drags. Moreover, Sensex opened at 59,549.57, up 136.3 points, while Nifty was at 17,718.90, up 7.60 points. PSU banks, realty remained the top gainers.

Some factors that affect bank shares include overall market sentiment, future expectations, fundamental valuation, and the demand for banking services.


The latest Bank shares tally for the moment

Axis Bank781.00 INR
HDFC Bank1590.45 INR
ICICI Bank650.70
Yes Bank12.60 INR
Indusind Bank1,130.20 INR
Bank of Baroda83.45 INR
RBI22.40 EUR
Union Bank of India37.15 INR
Canara Bank176.90 INR
(Disclaimer: These shares of banks are subject to changes)

The Indian rupee opened 11 paise lower at 74.26 per dollar today against the previous close of 74.15.

The Credit Guarantee Scheme for Micro Finance Institutions (MFIs), announced by Finance Minister Nirmala Sitharaman in June has been fully utilised by the banks.

Now the loans from banks are capped at the marginal cost of funds based lending rate (MCLR) plus 2 per cent.

And the maximum loan tenure is three years, and 80 per cent of assistance is to be used by MFIs for incremental lending.


ALSO READ | Gold Prices Today: Yellow Metal Stable, Check Gram Wise Rates For Delhi, Mumbai And Kolkata Here

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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