As Markets Dip Further, Nifty Bank & Some Banking Shares Shine A Light Of Hope

As the Indian markets continued with their topsy-turvy trading period, with glimmers of hope, dashed out in minutes, the trading on the major index, the Nifty Bank increased in value with marginal gains.

Nifty Bank Stands Out

On Thursday, February 27, as the Indian markets opened for trade after a mid-week gap on Wednesday, the journey of ups and downs continued at Dalal Street.

The benchmark Sensex and Nifty entered the green territory, only to step out, wobbling between red and green, while dipping further in its value.

Meanwhile, Nifty Bank, while not exhibiting a mammoth growth, continued to be one the indices to trade with some positivity.

In fact, Nifty Bank opened at a point higher than the previous day's closing at 48,732.20 points.

At the time of writing, as the other indices slumped further, the banking index reached the mark of 48,879.60, having made gains of 0.56 per cent or 271.25 points.

AU Small Finance Bank Ltd

When it comes to the stocks holding up the index, the company or more precisely banking shares trading with gains include the likes of AU Bank.

This bank was one of the biggest gainers with a surge of 6.08 per cent or Rs 31.90, taking the total value to Rs 556.15 per piece. Other banking shares gained in the range of around 1 per cent on Thursday.

Indusind Bank Ltd

Induslnd Bank shares traded in green with gains of 1.58 per cent or Rs 16.30.

This increase in value today, took the the overall price of the company shares to Rs 1,050.55.

When it comes to the laggards, the shares of Kotak Bank, Federal Bank, State Bank of India, Punjab National Bank dipped in value on February 27.

Canara Bank Ltd

Meanwhile, the biggest loser in the day, amongst the banks would be the public-owned Canara Bank.

The Benagluru-based bank saw its shares dip by 1.43 per cent or Rs 1.22, taking the overall value of the company shares to Rs 83.80 per piece.