Some factors that affect bank shares include overall market sentiment, future expectations, fundamental valuation, and the demand for banking services.
Among the sectors, banks, oil and gas sectors are under pressure while the small cap index is trading in green.
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.
Domestic equity market benchmarks BSE Sensex and Nifty 50 on Tuesday were trading near respective record high levels.
IndusInd Bank, Nestle India, ICICI Bank, Sun Pharma, RIL were among top Sensex gainers.
The latest Bank shares tally for the moment
| Axis Bank | 797.60 INR |
| HDFC Bank | 1551. 00 INR |
| ICICI Bank | 648.25 INR |
| Yes Bank | 12.50 INR |
| IndusInd Bank | 1,016.55 INR |
| Bank of Baroda | 78.40 INR |
| RBI | 21.28 INR |
| Union Bank of India | 34.85 INR |
| Canara Bank | 156.25 INR |
Moreover, Gold prices were trading weak in India on Tuesday. This mirrors the international trends on a stronger dollar.
On MCX, gold October futures were trading Rs 34 down at Rs 46,874 per 10 gram.
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