The trend seems buoyant on the weekly chart with the 200-WMA, placed at Rs 1,285-level, acting as a major support for the stock.
Indian inflation is running at 7.4 per cent, while the 364-day T Bill yield in late September auctions was 6.65 per cent
After jumping nearly 560 points during the session, the 30-share BSE index ended 37.70 points or 0.07 per cent lower at 57,107.52.
Response muted when compared to previous two IPOs; Lender to issue 15.84 million fresh shares via offering
After rising over 320 points in intra-day trade, the 30-share BSE Sensex pared all gains to settle 48.99 points or 0.08 per cent lower at 59,196.99.
The department will also take stock of the banks' asset quality, and focus on large bad loans, implementation of the Centre's various schemes, and the lenders' plan to raise capital
The bank's share closed at Rs 179.05 a piece on BSE, down 4.7% from its previous close while the broader Sensex was down 1.46%
CLOSING BELL: Dr Reddy's Labs, Reliance Industries, Bharti Airtel, Sun Pharma, Tech M, and Infosys were the top large-cap gainers
Business Standard brings you the top stories on Thursday
As FPIs deploy the maximum in the banking sector, it has to bear the brunt during episodes of capital repatriation.
The highest gainer was Federal Bank Ltd, which rallied 2.2% to end at Rs 104.4
In November, the Nifty fell nearly 4 per cent, while the Nifty Bank Index dropped 8.7 per cent amid an $800-million pull-out by FPIs
Bankers said the retail participation this year has been an encouraging sign, particularly in loss-making unicorns
All eyes now on US Fed meet this week, say analysts
PSB stocks have outperformed private rivals, and momentum looks strong
A trend reversal was witnessed in the debt segment in October from the big buying in the previous two months when FPIs had invested Rs 13,363 crore in September and Rs 14,376.2 crore in August
The Bank Nifty index gained 2.22 per cent ahead of a press briefing by the finance minister
In August, they invested the highest sum into fast-moving consumer goods (FMCG) stocks, while yanking out money from high-beta sectors such as auto and banking.
A breakout in Nifty Bank index may trigger an upside of up to 15% in bank stocks. Here are the key levels one needs to keep a tab on for frontline bank stocks
After touching its all-time high of 56,198.13 in early trade, the 30-share BSE Sensex ended 14.77 points or 0.03 per cent lower at 55,944.21