A maturing market amid the mayhem
Mixed day for banking stocks
Leading the pack was Indian Overseas Bank which jumped over 7 percent, and Federal Bank which gained 3.1 percent. Bigger peers like SBI and ICICI ended the day in the red.
Nine of the 18 components in the banking index managed to close positive.
The banking index has gained over 100 percent since April, with stocks such as ICICI surging over 150 percent and SBI rising 100 percent in the period.
Which banking stock would you invest in right now?