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Gaining inroads into the red territory; Bank Nifty looses over 2% - Feb 27, 2007 @ 3:00 PM

February 27th, 2007

The downward slide that started few hours ago got more deeper and markets began to make more inroads into the red territory. NIFTY is at 3876.60 (-1.66%). Banking stocks are again making the damage with BANK NIFTY itself loosing by 2.13% points. It is currently at 5415.85.

Amongst banking stocks that are in the positive arena are Union Bank (+3.6%), HDFC Bank (+2%), Bank of Baroda (+1.9%) and Bank of India (+1.7%)

However, the bulk of the Banking Stocks in the Nifty 50 are in the red.  ICICI Bank (-5.1%), Oriental Bank of Commerce (-4.7%), Punjab National Bank (-2.8), Corporation Bank (-2.6%) and State Bank of India (-1.9%)

Entry Filed under: Equity Markets, Banks & NBFC