Bank shares: Sensex hits 60 k in a first | Check how HDFC Bank, SBI and others are performing today

Bank shares: Sensex hits 60 k in a first | Check how HDFC Bank, SBI and others are performing today
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Benchmark indices made fresh records on Friday. As Sensex hit a high of 60,333, Nifty moved between 17,857.50-17,947.65. IT index rose 2 per cent, realty was up 1.5 per cent.

When it comes to other market parameters, oil prices rose for the fourth consecutive day today.

This comes in the aftermath of the global supply concerns post the powerful storms in the US.

Moreover, the BSE Sensex and Nifty 50 eyed a positive opening Friday. Nifty futures also surged in trade, rising 23 points on Singaporean Exchange.

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

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Among the sectors, banks, oil and gas sectors are under pressure while the small-cap index is trading in green.

The latest Bank shares tally for the moment

BanksShares
Axis Bank803.75 INR
HDFC Bank1585.50 INR
ICICI Bank640.70
Yes Bank13.05 INR
Indusind Bank1161.00 INR
Bank of Baroda78.80 INR
RBI22.06
Union Bank of India34.70 INR
Canara Bank158.85 INR
(Disclaimer: These shares of banks are subject to changes)

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.

Furthermore, the expectations of solid economic recovery and sustained growth in the next couple of years are the real reason behind keeping the bulls enthused.

And from global funds perspective, India remains an attractive destination.

ALSO READ | Bank Shares Today: Axis Bank, ICICI Bank Top Gainers on Sept 23