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With the RBI leaving key rates untouched even while promising action to cut rates going forward, bank stocks witnessed heavy selling in the markets today.
The Bankex became the biggest loser, even as the overall market slipped into red with the Sensex and the Nifty losing significant value.
Axis Bank and SBI were the biggest losers in terms of value. While Axis Bank lost Rs 34.95 to trade at Rs 1,238.50, SBI was down to Rs 2,302.55,a loss of Rs 48.95.
The other major losers were Canara Bank, which shed Rs 17.30 at Rs 508.95, ICICI Bank, which lost Rs 26.85 at Rs 927, PNB, which was down to Rs 1,010, a loss of Rs 16.50 and Bank of India that shed Rs 14.40 at Rs 377.45.
All the 14 BSE Bankex stocks were in the red with the sectoral index shedding about 275 points.
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