Banking shares came crashing down in trade once again with blue chip public sector banking stocks like State Bank of India, Bank of Baroda and Canara Bank hitting fresh 52-week lows.
State Bank of India shares plunged to a new 52-week low of Rs 218.25 on the NSE, , while Canara Bank fell to a new low of Rs 229.10 and Punjab National Bank dropped to Rs 110.10 on the National Stock Exchange.
Shares in banking stocks have been hammered out of shape in recent times losing as much as 30-40 per cent from recent highs. Even private sector lenders like Axis Bank and ICICI Bank had hit 52-week lows recently, as foreign portfolio investors continued to hammer these stocks on asset quality concerns.
Markets would eagerly watch for the quarterly numbers of banks, to see if there is any further deterioration in asset quality.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google