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Mixed day for banking stocks

March 23, 2010

It was a mixed day of trade for banking stocks on the bourses on Tuesday as the sectoral index closed marginally higher, but stocks like HDFC Bank gained over 2 percent and PNB jumped 1.9 percent.

Of the 17 stocks in the index, 11 closed in green, led by HDFC Bank. Kotak Mahindra Bank was the worst index performer, as it ended with losses of 2.1 percent.

ICICI, India’s top private lender, also slipped over 1 percent. Small player Bank of India ended down 2 percent.

The banking index has gained over 5 percent this month, lower than the Sensex’s rise of little over 6 percent.

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