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Nifty Bank index spurts 9% in two days
25-Mar-20   14:52 Hrs IST
The Nifty Bank index made a strong comeback after correcting sharply in past one month. Investor and traders turned bullish on banking stocks after Finance Minister Nirmala Sitharaman indicated that her ministry was readying an economic package to help the industry deal with the coronavirus crisis.

Kotak Mahindra Bank (up 12.26%), HDFC Bank (up 9.31%), Axis Bank (up 8.3%), ICICI Bank (up 7.79%), IDFC First bank (up 5.76%), Bank of Baroda (up 4.87%), RBL Bank (up 4.2%), SBI (up 4.18%) and Federal Bank (up 2.12%) were top gainers in Nifty Bank index.

The Nifty Bank index has gained 9.09% in last two trading sessions from its previous closing low of 16917.65 posted on 23 March 2020.

The index has slumped 43.41% from its record high of 32613.10 hit on 30 December 2019.

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