Sensex, Nifty remain firm; Indiabulls Housing, LIC Housing stocks down

PSU banks fell over 1.5% led by J&K Bank, Indian Bank, Bank of Baroda, Punjab National Bank, and Union Bank of India.

Feb 12, 2020 09:02 IST India Infoline News Service

NSE Building
Shares of Housing Finance Companies fell in today’s trade in an otherwise strong market. The index went under selling pressure after the Reserve Bank of India (RBI) issued a clarification on the extension of Date of Commencement of Commercial Operations (DCCO) being applicable to only banks and not non-banking finance companies (NBFC) and housing finance companies (HFC).

Reacting to this, shares of Indiabulls Housing Finance, L&T Finance Holding, LIC Housing Finance, and PNB Housing Finance fell in the afternoon session.

Also, PSU banks fell over 1.5% led by J&K Bank, Indian Bank, Bank of Baroda, Punjab National Bank, and Union Bank of India.

Shares of Allahabad Bank slumped 6% after disappointing Q3 earnings.

Meanwhile, the Sensex is up 389 points and the Nifty jumped 108 points at 12,216.

India VIX shed 1.83% at 13.62 level.

Shilpa Medicare, Metropolis Healthcare, Ipca Labs, Hindustan Unilever, GSK Consumer, Can Fin Homes, Strides Pharma, Dabur India, L&T Infotech, Relaxo Footwear and Asian Paints stocks that hit a new 52-week high on BSE.

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