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Banking shares have seen sharp recovery with the Bank Nifty rebounds more than 400 points from its intra-day low on the National Stock Exchange (NSE).
At 1506 hours, Bank Nifty was up 386 points or 2.1% at 18,592, bouncing back 461 points from intra-day low of 18,131. The CNX Nifty was up 0.93% at 8,570 points.
In the past one month, Bank Nifty had tanked 9% against 5% decline in the benchmark index till Tuesday.
Among individual stocks, IndusInd Bank, Bank of India and Punjab National Bank have rallied 5% each, while ICICI Bank, State Bank of India (SBI), YES Bank, Kotak Mahindra Bank, Bank of Baroda, Canara Bank and Axis Bank were up 2-4% on the NSE.
At 1506 hours, Bank Nifty was up 386 points or 2.1% at 18,592, bouncing back 461 points from intra-day low of 18,131. The CNX Nifty was up 0.93% at 8,570 points.
In the past one month, Bank Nifty had tanked 9% against 5% decline in the benchmark index till Tuesday.
Among individual stocks, IndusInd Bank, Bank of India and Punjab National Bank have rallied 5% each, while ICICI Bank, State Bank of India (SBI), YES Bank, Kotak Mahindra Bank, Bank of Baroda, Canara Bank and Axis Bank were up 2-4% on the NSE.
