Nifty bank: The Nifty Bank Index was seen fiercely on 11 February. All 12 shares in the index have closed at the red mark. The index fell 1.26 per cent to close at a level of 49,351.60. With this, it slipped today and came under the 20-day moving average. The shares in which the best selling was included in Punjab National Bank (3.21%), Canara Bank (3.11%). The Bank Nifty Index has closed on the red mark for the third consecutive day. The Nifty PSU Bank index recorded a decline of around 2.15 per cent or 131.95 points, while the Nifty Private Bank Index recorded a decline of 1.22 per cent or 302.50 points.
These shares cause loss of investors
Federal Bank shares fell 1.43 per cent to close at Rs 183.90 per share. At the same time, the shares of Bank of Baroda fell by 2.07 percent to Rs 210.77. IndusInd Bank and AU Small Finance Bank shares have closed over 1 per cent with a decline of more than 1 per cent.
Heavyweight HDFC Bank also recorded a decline, which fell 0.86 per cent to Rs 1,700.95 per share. ICICI Bank also recorded a decline of 1.11 per cent. Meanwhile, the State Bank of India (SBI) and Axis Bank shares closed down 1 per cent with a decline of less than 1 per cent.
The shares of Central Bank of India declined by 3.73 per cent and 4.74 per cent in Punjab & Sindh Bank (PSB) shares, which was the most declining shares on the Nifty PSU bank index. Union Bank shares declined by 3.59 per cent. RBL, City Union Bank (CUB) and Bandhan Bank shares were the most declining shares on the Nifty Private Bank Index, each of which fell by more than 3 per cent.
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.