Tue. Sep 29th, 2020

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BSE Bankex Index up 735 points (3.05%); reaches 24,813

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Banking stocks saw some buying action today with S&P BSE BANKEX rising 3.0%. In comparison, the Sensex was up 1.6% at 34826 while the broader Nifty 50 index was up +1.51% at 10294.90.

At 09:25, the S&P BSE BANKEX index was up 3.0% at 24813. Among the 9 stocks that make up the Index, INDUSINDBK had the best relative performance, changing 6.2%. Other major gainers included AXISBANK(+4.8%), RBLBANK(+4.6%), SBIN(+4.0%), and ICICIBANK(+3.1%). Meanwhile KOTAKBANK had the worst relative performance, changing 1.3%.

At day’s high, the S&P BSE BANKEX index rose as much as 3.4% to 24897, after opening at 24,592.97. In today’s session, the index traded in the range of 24588 to 24897.

The S&P BSE BANKEX index had hit a 52-week high of 37193.35 on Dec 30, 2019 and a 52-week low of 18430.26 on Mar 24, 2020.

In the past one month, the S&P BSE BANKEX has given a return of 9.12%, while the broader Sensex has given a return of 9.98%.

Among all BSE’s 19 sectoral indices BSE BANKEX and BSE REALTY indices had the best performance relative to the market, changing +3.09% and +2.92% respectively. In comparison, the BSE Healthcare and BSE Telecom indices had the poorest performance, changing -0.06% and +0.4% respectively.


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