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Bank shares today: Axis Bank top drag; Check other banks’ performances here

Published Date:

Indian rupee opened flat at 73.13 per dollar on Tuesday. Domestic equity benchmark indices also opened in the green today. But sooner erased all gains to trade with losses.

India VIX remained still above 15 levels. Tata Steel was up 1 per cent as top Sensex gainer. It was followed by Asian Paints, ITC, HUL, and Titan.

Moreover, Axis Bank was the top drag, followed by Sun Pharma, Kotak Mahindra Bank, ICICI Bank, and Dr Reddy’s.

Some 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

Axis BankRs 784.90
HDFC BankRs 1,562.50
ICICI BankRs 649.05
Yes BankRs 10.90
IndusInd BankRs 996.60
Bank of BarodaRs 77.55
RBIRs 20.94
Union Bank of IndiaRs 34.75
Canara BankRs 157.05
(Disclaimer: The above mentioned Bank share prices are subject to change)

Furthermore, oil prices fell on Monday after Saudi Arabia cut it for Asia revived concerns over the demand outlook.

Aramco notification says that it will cut October official selling prices (OSPs) for all crude grades sold to Asia, its biggest buying region, by at least $1 a barrel.

ALSO READ | Bank Shares yesterday: All Bank Shares’ Buzz

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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