Banking Stocks Decline Drags Nifty Bank Index Lower
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BTCCSquare news:
The Nifty Bank index fell 0.52% in morning trade, shedding 296.55 points to 56,328.45 as banking stocks faced broad selling pressure. IndusInd Bank led the losses with a 2% drop, while Canara Bank and Axis Bank declined 1.79% and 1.48% respectively. Only Federal Bank and AU Small Finance Bank bucked the trend with modest gains.
HDFC Bank remained the most actively traded stock by value at ₹944.89 crore, though it edged down 0.15%. The banking sector's year-to-date gains now stand at 10.32%, with the index up 8.71% over the past twelve months.
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