Benchmark indices on Monday extended the opening gains. Nifty traded around 17,700,
Sensex was up 634.94 points at 59400.52, and the Nifty was up 174.40 points at 17706.40.
About 2117 shares have advanced, 682 shares declined, and 134 shares are unchanged.
Some factors that affect bank shares include overall market sentiment, future expectations, fundamental valuation, and the demand for banking services.
Also, Asian currencies are slightly weaker since the Friday close. Exporters may sell near to 74.30 and above; importers may buy near to 74.00 levels if 74.10 is broken for the near term.
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| Banks | Shares |
| Axis Bank | 778.90 INR |
| HDFC Bank | 1595.75 INR |
| ICICI Bank | 630.80 |
| Yes Bank | 13.10 INR |
| Indusind Bank | 1115.45 INR |
| Bank of Baroda | 83.55 INR |
| RBI | 22.76 INR |
| Union Bank of India | 37.55 INR |
| Canara Bank | 179.60 INR |
Moreover, the dollar index slipped to 94.05 and the US 10-year yield slipped below 1.5 per cent can be said to be indicative of the return of risk-on in equity markets.
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