Bank's stocks And Nifty Bank's stocks And Nifty - Top 9 Business news

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Monday, June 1, 2020

Bank's stocks And Nifty

Bank stocks recognitions within the first day of the month of June Sensex 879 points and the Nifty was up 245 points, IDBI Bank shares rose 19.95%


Bank stocks rallied on Monday, the first day of June. The Bombay Stock Exchange (BSE) opened above 481.95 points in the morning and the Nifty opened with a rise of 146.55 points. During the day's trading, the Sensex managed to rise to 1249.73 points and the Nifty rose to 351.30 points. At the end of the day, the BSE Sensex rose 879.42 points, or 2.71%, to 33,303.52 and the Nifty closed 245.85 points, or 2.57%, higher at 9,826.15. Shares of IDBI Bank rose 19.95% today. The Sensex and Nifty closed with leads on Friday.

Shares of 1,885 companies rose on the BSE

BSE market cap is Rs. 130 lakh crore
Shares of 2,629 companies were traded. Of these, 1,885 stocks rose and 597 fell.
Shares of 50 companies are at 1-year highs and 68 companies are at 1-year lows.
Shares of 432 companies had an upper circuit and 182 companies had a lower circuit.
The main reason for the growth in the market

The 68-day lockdown has been unlocked across the country. The central government has announced to start economic activities of the country in phases. The direct effect of this decision was also seen in the stock market today. The government has allowed the opening of malls and restaurants in places other than the content zone. The mall and restaurant will now open from June 8.

Rise in banking shares

 Bank Growth (%)
 RBL 6.95%
 SBI 5.99%
 City Union Bank 4.69%
 IndusInd Bank 4.25%
 Federal Bank 3.67%
 Axis Bank 3.34%
 HDFC 3.42%
 Kotak Mahindra 2.19%
 ICICI 1.69%

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