Nifty Bank sheds 500 pts; PSU Bank top laggards; Bandhan Bank, BOB dips 5-6%

Nifty PSU Bank plunged by 3.64% at 1,908.60. While Nifty Private Bank slipped by 1.16% at 17,593.70.

Jan 21, 2021 03:01 IST India Infoline News Service

Banking stocks were in a bloodbath tracking selloff of benchmarks during the second half of Thursday's trading session. PSU Banks were top laggards of the sector.

At around 3.10 pm, Nifty Bank was trading at 32,041.00 down 502.70 points or 1.54%. The index slumped to an intraday low of 32,025.05.

Nifty PSU Bank plunged by 3.64% at 1,908.60. While Nifty Private Bank slipped by 1.16% at 17,593.70.

On Nifty Bank, Bandhan Bank was the top loser tumbling by nearly 6% followed by Bank of Baroda down nearly 5%. IDFC First Bank also plunged by near 5% and PNB dived 4%.

Stocks like SBI and IndusInd Bank dropped by 3% each. Nearly 2% fall each was recorded in Federal Bank, RBL Bank and Kotak Bank. HDFC Bank dipped by over 1%.

However, ICICI Bank traded marginally higher and became the only stock in the green. 

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