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With the expectation that the Q4 GDP number of FY 2012-13 would dip below 5 per cent and with the RBI upping the ante over loan rejigs, the bank stocks came under sustained pressure with the NSE Bank Nifty shedding nearly 200 points in the morning trade today.
Surprisingly, SBI, in terms of value, was down much less than some of the private sector banks among the Bank Nifty constituents.
SBI lost Rs 10.55 to trade at Rs 2,078 and YES Bank was down to Rs 496.45, a loss of Rs 3.55. Bank of India was down by just 45 paise at Rs 296.70.
Major losers
The major losers were ICICI Bank which shed Rs 11.80 at Rs 1,171, Axis Bank that lost Rs 19.70 at Rs 1,413, Kotak Mahindra Bank was down by Rs 18 at Rs 781.85 and HDFC Bank lost Rs 18.10 at Rs 707.05.
All the 12 stocks forming the NSE Bank Nifty were in the red and the Bank Nifty was down by about 194 points.
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