Erasing early gains, benchmark indices traded marginally higher up on Monday. Sensex was up 83.07 points at 60,131.54. The Nifty was up 16.50 points at 17,869.70.
About 1529 shares have advanced, 1223 shares declined, and 143 shares are unchanged. SBI, Maruti Suzuki, HDFC Bank, Bajaj-Auto, ICICI Bank, Axis Bank were top Sensex gainers.
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.
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The latest Bank shares tally for the moment
|Axis Bank||805.45 INR|
|HDFC Bank||1630.75 INR|
|Yes Bank||12.95 INR|
|Indusind Bank||1169.30 INR|
|Bank of Baroda||79.50 INR|
|Union Bank of India||35.25 INR|
|Canara Bank||160.00 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.
Also, Union Finance minister Nirmala Sitharaman said that India needs at least 4-5 more large banks like SBI.
These will support the growing credit appetite of a fast-recuperating economy in the post-Covid times.
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