Banking shares mainly private sector are under pressure in early noon deals after the rupee crosses 65 mark against US dollar.
YES Bank, Federal Bank, ICICI Bank, HDFC Bank, IndusInd Bank and Axis Bank are down in the range of 3-8% on the Bombay Stock Exchange (BSE). Dena Bank, Uco Bank, Syndicate Bank and State Bank of India from public sector are down 1% each.
The BSE banking share index, Bankex, was down 2.4% at 10,305 as compared to 02.1% fall in benchmark S&P BSE Sensex at 1128 hours. The index hit low of 10,281 during intra-day trades.
The partially convertible rupee was trading at 65.37 per dollar, after hitting a record low of 65.50 per dollar in early trades on the Interbank Foreign Exchange market.
YES Bank, Federal Bank, ICICI Bank, HDFC Bank, IndusInd Bank and Axis Bank are down in the range of 3-8% on the Bombay Stock Exchange (BSE). Dena Bank, Uco Bank, Syndicate Bank and State Bank of India from public sector are down 1% each.
The BSE banking share index, Bankex, was down 2.4% at 10,305 as compared to 02.1% fall in benchmark S&P BSE Sensex at 1128 hours. The index hit low of 10,281 during intra-day trades.
The partially convertible rupee was trading at 65.37 per dollar, after hitting a record low of 65.50 per dollar in early trades on the Interbank Foreign Exchange market.