Bank stocks in focus on good operational show by Federal, HDFC Bank in Q2

Bank stocks were in focus at the bourses on Monday and rallied by up to 6 per cent, after two private sector banks - HDFC Bank and Federal Bank - reported a healthy operational performance for July-September 2020 quarter of the current fiscal (Q2FY21).

ICICI Bank, Axis Bank Federal Bank, Bandhan Bank and RBL Bank from the Nifty Bank index were up more than 4 per cent on the National Stock Exchange (NSE). State Bank of India (SBI), HDFC Bank, IndusInd Bank, City Union Bank, IDFC First Bank and Punjab National Bank (PNB) were up in the range of