Tue. Sep 29th, 2020

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

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

1 min read

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.

 

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.