Banking stocks under pressure

February 10, 2021 17:27

KBK Graphics

Key equity indices see-sawed between gains and losses on Wednesday and closed in the red zone as investors turned cautious over the sustainability of a recent risk rally.

At the closing bell, the BSE S&P Sensex was down by 20 points or 0.04 per cent at 51,309 while the Nifty 50 edged lower by 3 points or 0.02 per cent to 15,107.

Sectoral indices at the National Stock Exchange were mixed with Nifty private bank down by 0.7 per cent, financial service by 0.2 per cent and metal by 0.8 per cent. But Nifty realty gained by 1.6 per cent and auto by 0.9 per cent.

Among stocks, HDFC Bank dropped by 1.2 per cent to close at Rs 1,591.90 per share. Axis Bank closed 0.7 per cent lower and IndusInd Bank by 0.4 per cent.

Tata Steel lost by 1.1 per cent a day after the company reported a consolidated profit of Rs 3,989 crore for the quarter ended December 2020 driven by improved realisation-backed strong operating income.

The other prominent losers were Bharti Airtel, Eicher Motors, ONGC and IndianOil Corporation. -- ANI

« Back to LIVE

TOP STORIES

That's why we have CAA: Jaishankar on Biden's 'xenophobia' remark

Rejecting the criticism of the CAA, Jaishankar said, "There are people who publicly said on record that because of CAA, a million Muslims will lose their citizenship in this country."

IPL: How Jaiswal got back into the groove

Asked about Royals' preparation, Jaiswal replied: "It's going great right now, and I hope we can continue with the momentum prepare well and keep focusing on the process for upcoming matches."

'Now China Is Afraid'

'Ladakh will be dealt with in Modi's third term.'

Ex-Delhi Cong chief Arvinder Singh Lovely joins BJP

Lovely hailed the BJP leadership, including Prime Minister Narendra Modi, for giving him and his colleagues the opportunity to join the party when they felt lost.

Check Out Tilak's Sensational Catch!

A look at Tilak Varma's stunning effort on the field