Market wrapMoneycontrol
Bank Nifty surges 3% as crude prices fall
Positive+1
GreyOak summary
Bank Nifty surged 2.76% to cross 61,350 as easing crude oil prices improved investor sentiment. Brent crude fell to a two-month low of $89.16, easing inflation and rupee pressure. Banking stocks rallied broadly, with Bank of Baroda leading gains at 6%.
What it affects
- Yes BankYESBANKPositive +1
Advanced up to 3.5% with peers.Rolling sentiment Negative -38
- Bank of BarodaBANKBARODAPositive +1
Rallied up to 6% as top gainer.Rolling sentiment Positive +26
- NIFTY BANKPositive +1
Surged 2.76% to cross 61,350 mark.Rolling sentiment Neutral +4
- Punjab National BankPNBPositive +1
Gained 4.71% in broad-based rally.Rolling sentiment Negative -24
- Brent crudePositive +1
Fell to two-month low of $89.16.Rolling sentiment Positive +21
Source
Read the original at MoneycontrolMore Yes Bank news
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