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Category: Banks
Yesterday, the Bank Nifty went up by nearly 10%.Banks-both PSU and Private- were big winners with all bank stocks closing in the green.
Some private banks showed outstanding gains as can be seen from the table below:
| Symbol | Close on 4 Sept,2013 | Close on 5 Sept,2013 | Gain |
| LAKSHVILAS | 62 | 63.7 | 2.74% |
| KARURVYSYA | 300.45 | 310.05 | 3.20% |
| SOUTHBANK | 19.25 | 20.15 | 4.68% |
| DHANBANK | 30.05 | 31.5 | 4.83% |
| J&KBANK | 1051.2 | 1121.75 | 6.71% |
| DCB | 41.2 | 44.15 | 7.16% |
| KTKBANK | 79.75 | 85.75 | 7.52% |
| CUB | 38 | 40.9 | 7.63% |
| HDFCBANK | 564.05 | 609.5 | 8.06% |
| INDUSINDBK | 366.9 | 397.5 | 8.34% |
| KOTAKBANK | 608.5 | 662 | 8.79% |
| ICICIBANK | 817.75 | 893.7 | 9.29% |
| INGVYSYABK | 428.05 | 473.6 | 10.64% |
| FEDERALBNK | 244.15 | 274.55 | 12.45% |
| AXISBANK | 801.5 | 927.5 | 15.72% |
| YESBANK | 236.05 | 287.5 | 21.80% |
Yesterday, the Nifty collapsed by around 4%.
The sector which was hit the hardest were private banks as can be seen from the table below:
| Symbol | Close on 2 Sept,2013 | Close on 3 Sept,2013 | Loss |
| YESBANK | 252.95 | 229.1 | -9.43% |
| AXISBANK | 864.3 | 782.85 | -9.42% |
| INDUSINDBK | 381.05 | 348.4 | -8.57% |
| FEDERALBNK | 248.05 | 230.1 | -7.24% |
| ICICIBANK | 826.6 | 783.55 | -5.21% |
| HDFCBANK | 589.5 | 562.55 | -4.57% |
| INGVYSYABK | 429.35 | 410.25 | -4.45% |
| KOTAKBANK | 627 | 600.65 | -4.20% |
| KARURVYSYA | 310.45 | 300.45 | -3.22% |
| DCB | 42.2 | 41 | -2.84% |
| KTKBANK | 78.9 | 77.05 | -2.34% |
| J&KBANK | 1080.5 | 1055.25 | -2.34% |
| SOUTHBANK | 19.75 | 19.3 | -2.28% |
| CUB | 39.85 | 39 | -2.13% |
| LAKSHVILAS | 61.55 | 60.95 | -0.97% |
| DHANBANK | 30.15 | 30 | -0.50% |
On 15th July, 2013, RBI announced measures to tighten liquidity to prop up the rupee.The impact on private bank stocks have been dramatic as can be seen from the table below:
| Symbol | Close on 15 July, 2013 | Close on 19 July, 2013 | Loss |
| YESBANK | 500.35 | 424.6 | -15.14% |
| INDUSINDBK | 506.35 | 445 | -12.12% |
| ICICIBANK | 1061.05 | 959.3 | -9.59% |
| AXISBANK | 1308.9 | 1191.9 | -8.94% |
| KOTAKBANK | 757.45 | 690.85 | -8.79% |
| INGVYSYABK | 624.95 | 575.55 | -7.90% |
| KTKBANK | 112.65 | 104.4 | -7.32% |
| KARURVYSYA | 433.45 | 410.7 | -5.25% |
| DCB | 51.95 | 49.6 | -4.52% |
| FEDERALBNK | 398.85 | 382.2 | -4.17% |
| DHANBANK | 33.95 | 32.95 | -2.95% |
| J&KBANK | 1278.45 | 1247.2 | -2.44% |
| HDFCBANK | 695.45 | 680 | -2.22% |
| CUB | 53.65 | 53.05 | -1.12% |
| LAKSHVILAS | 71.9 | 71.6 | -0.42% |
| SOUTHBANK | 23 | 22.95 | -0.22% |
This post is in continuation of my 5 Stocks Series (see here)
PSU Bank Stocks tanked in the first week of June 2013 as can be seen from the table below:
| Bank | Close on 28 June 2013 | Close on 5 July 2013 | Loss |
| UNIONBANK | 186.35 | 173.95 | -6.65% |
| INDIANB | 114.95 | 108.15 | -5.92% |
| UNITEDBNK | 48.9 | 46.1 | -5.73% |
| MYSOREBANK | 549.8 | 522.9 | -4.89% |
| MAHABANK | 52.55 | 50 | -4.85% |
| PNB | 650.85 | 625.2 | -3.94% |
| SBT | 508.65 | 490.4 | -3.59% |
| ORIENTBANK | 206.5 | 199.15 | -3.56% |
| BANKINDIA | 232.4 | 225.3 | -3.06% |
| SBIN | 1953.8 | 1894.45 | -3.04% |
| CANBK | 360.6 | 350.6 | -2.77% |
| BANKBARODA | 574.15 | 558.55 | -2.72% |
| SBBJ | 407.5 | 398.5 | -2.21% |
| PSB | 53.3 | 52.25 | -1.97% |
| DENABANK | 69.8 | 68.45 | -1.93% |
| IOB | 49.75 | 48.85 | -1.81% |
| ALBK | 90.1 | 89.1 | -1.11% |
| VIJAYABANK | 44.95 | 44.5 | -1.00% |
| CORPBANK | 349.9 | 348 | -0.54% |
| CENTRALBK | 61.8 | 61.7 | -0.16% |
| SYNDIBANK | 109.15 | 109.55 | 0.37% |
| IDBI | 70.85 | 71.6 | 1.06% |
| INDBANK | 3.85 | 3.9 | 1.30% |
| ANDHRABANK | 82 | 84.35 | 2.87% |
| UCOBANK | 61.75 | 65.15 | 5.51% |